January homes sales in DC and Baltimore reach 8-year high

Strong month can't be attributed to the performance of Washington D.C., the city of Baltimore
  • The median home price in the city of Baltimore rose by nearly 50 percent year-over-year.
  • Late January snowstorms impacted new pending sales in both metros.
  • Washington D.C.'s median price eclipsed $500,000 in January.

Home sales in DC and Baltimore metros reached their highest levels for a January dating back to 2007. Last month 2,702 homes sold in the Washington, D.C. metro, with 2,073 single-family residences closing in the Baltimore metro, according to market reports from RealEstate Business Intelligence (RBI).