The 5 Most Important Stats From The May Housing Market
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While the supply of homes for sale and the median home price in the region were two of the main factors affecting the DC-area housing market last month, other metrics help paint a picture of what is happening around the region.
For example, the number of homes that went under contract (down 6% compared to last spring) and the volume of showings of active listings paint a picture of a cooler market compared to last spring, that will likely continue this summer.
Below we plucked out some of the more telling statistics from last month's market.
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- $640,000 -- The median price for a home in the DC area, matching the record high set in April
- 7,353 -- The number of active listings in May, up 32% compared to a year ago.
- 5,176 -- The number of pending sales in May, a 6% drop compared to last May.
- 1.81 -- The months of supply of homes on the market in the region.
- 106,841 -- The number of showings in May in the region, down 12% year-over-year.
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This article originally published at https://dc.urbanturf.com/articles/blog/the_5_most_important_stats_from_the_may_housing_market/22418.
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