Home | Newsletter | Advertise
loading...

A More Balanced Place: The May Housing Market in the DC Region, By the Numbers

  • June 17th 2022

by UrbanTurf Staff

Townhomes on Capitol Hill. 

The month of May provided the clearest indication yet that the area housing market is moving toward a much more balanced place. High prices and high interest rates dampened home sale numbers in the region, and perhaps gave sellers a bit of a reality check as far as the level of competition they should expect in the coming months. 

Below, UrbanTurf plucked out some of the more telling statistics from the market last month. 

  •  $1,316,000 -- The median price for a detached home in DC proper in May, down slightly from the record set in April. 
  • $620,000 -- The median home price in Montgomery County, up 13% compared to May 2021.
  • 0.95 -- The months of supply of active listings in the DC region, the lowest on record for May. 
  • 146,000 -- The total number of home showings in the region last month, down 30% year-over-year.
  • 6,807 -- The number of homes sold in the region, down 11% from May 2021.
  • 6 -- The median number of days that homes spent on the market last month.

Photo courtesy of BTW Images. 

This article originally published at https://dc.urbanturf.com/articles/blog/the-may-housing-market-in-the-dc-region-by-the-numbers/19783.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse