A Scorcher: The DC-Area Housing Market in April, By the Numbers
It's becoming a bit of a broken record, but the DC-area housing market in April was firing on all cylinders, like it has been for months. Low inventory and high buyer demand resulted in the continuation of a strong sellers market in the region, despite a high volume of new listings hitting the market.
Below, UrbanTurf plucked out some of the more telling statistics from the market last month.
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- $550,000 -- The median home price in the DC region in April, a new record for the region.
- $1.35 million -- The median price for single-family homes in Bethesda.
- 1,826 -- The number of condo/co-op sales in April, a new monthly record for the region.
- 101.5% -- The median sales price to original list price ratio in the region.
- 1.06 -- The months of supply of active listings in April, a 22 percent year-over-year drop.
- 6 -- The median number of days that homes spent on the market in the region in May, the lowest ever.
See other articles related to: dc area home prices, dc area housing market, dc area housing supply, dc area market trends, dc housing market, dc housing market trends, dc housing prices
This article originally published at https://dc.urbanturf.com/articles/blog/a-scorcher-the-dc-area-housing-market-in-april-by-the-numbers/18261.
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