Skip to main content

DC-area home prices hit 10-year high

The median price of a house or condo sold in the D.C. metro area in April was $475,000, up 5.6% from a year ago — and the highest overall monthly median sales price in the last decade.

It was also the 31st consecutive month of year-over-year price appreciation.

Listing service Bright MLS says falling sales have reversed course as well. Total volume was $2.8 billion in April, up 5.9% from a year ago.

Closed sales were up 3.3%, the first time year-over-year they rose since last July, and closed sales throughout the D.C. metro region in April were the highest that month has seen in a decade.

Pending sales — in which contracts have been signed but the sales have not yet closed — were up 1.1%.

Even so, with more sales and fewer new listings, the D.C. area ended April with just 7,535 active listings, down 12.9% from last year.

Sellers got, on average, 99.3% of list price in April, easily the highest level of the last decade, according to Bright MLS.

Below is a chart, courtesy Bright MLS, of April sales activity in the capital region, by jurisdiction:

America 250: Habitat for Humanity celebrates 50 years

Habitat for Humanity celebrates its 50th anniversary this year. Since 1976, it has helped more than 65 million people around the world find safe, affordable homes. “We bring together people to build homes, communities, and hope,” said Adrienne Goolsby, senior vice president of U.S. and Canada at Habitat for Humanity International.
Read Next Story