AgentIndustry News

April’s D.C. housing market sees highest prices since 2006

Baltimore and D.C. metro areas experienced one of the best Aprils in years
  • Baltimore metro area's median sales price jumped to the highest April sales price since 2008 at $243,000.
  • Washington D.C. metro areas median sales price increased slightly to $419.250.
  • Washington D.C. sold homes at 99 percent value of original listing.

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Jodi Jacobson / iStock.com According to data provided by ShowingTime RBI based on listing activity from MRIS, Baltimore and Washington D.C. experienced notable boosts in their respective housing markets in April. For the Baltimore metro area, the month improved to the highest median sales price for April since 2008. In the D.C. area, the month concluded with the highest median sales price in April for more than a decade. Baltimore The median sales price for homes increased 5.7 percent year-over-year to $243,000, and the increase was also seen month-over-month at 2.4 percent. Up 19.9 percent from 2015, the total sales volume in the metro area rose to $900 million. The sales price versus the original list price increased 0.7 percent, to 94.6 percent of sales versus listing. Total sales jumped 14.5 percent year-over-year to 3,201. This is the 21st consecutive month of increases in sales. There were 4,853 pending sales, which broke the April 2015 record of 4,387. Both...