August was a banner month for Washington D.C. real estate, according to a new market report. Hitting multiple records, August saw rising prices and climbing sales in both the D.C. and Baltimore metro areas, a new report from MRIS says.
- The median sales price of a home in the D.C. metro was up 2.4 percent annually in August, and Baltimore saw a 2 percent uptick in the same time frame.
- Both metro areas saw a double digit increase in sales volume, at 16.1 percent and 14.5 percent in D.C. and Baltimore, respectively.
- New contracts in the D.C. metro increased to 4,907, which is the highest reported number in August since 2005.