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A Scorcher: The DC-Area Housing Market in April, By the Numbers

by UrbanTurf Staff

Homes in the U Street Corridor.

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. 

  • $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.

This article originally published at http://dc.urbanturf.com/articles/blog/a-scorcher-the-dc-area-housing-market-in-april-by-the-numbers/18261

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