Here’s a quick look at the real estate market across D.C., Virginia, and Maryland:
For buyers, there’s more inventory to explore with rising prices. Sellers can leverage the competitive market to maximize their return.
Want to discuss how these trends affect your real estate goals? Contact Marybeth Fraser for insights and personalized advice: [email protected] | 703-798-1803.
D.C.: Closed sales dropped by 24.2% compared to last year, but the median price surged by 17.9% to $710,525. Active listings hit a 5-year high, with days on market slightly up to 34 days.
Virginia: Fewer closed sales, down by 213.8%, but prices increased by 8.6% to $780,000. New listings dropped, but active listings and pending sales saw some growth, indicating strong buyer interest despite higher prices.
Maryland: Closed sales fell by 12.3%, with a median price increase of 5.1% to $436,000. New listings decreased, yet active listings remain high, showing a mix of lower sales but a steady demand.
