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The 5 Most Important Stats From The May Housing Market

  • June 11th

by UrbanTurf Staff

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While the rising supply of homes for sale and record home prices 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 (up 3.5% compared to last spring) and the higher volume of showings paint a picture of a housing market that has remained resilient in the face of federal layoffs and other uncertainty.

Below, we plucked out some of the more telling statistics from last month's market. 

  • $659,950 -- The median price for a home in the DC area, up 3% from the record high set last May.
  • 10,413 -- The number of active listings in May, up 41% compared to a year ago. 
  • 5,357 -- The number of pending sales in May, a 3.5% increase compared to last May. 
  • 8 -- The median number of days homes are spending on the market in the region. 
  • 109,344 -- The number of showings in May in the region, up 2.3% year-over-year.

See other articles related to: dc housing market, dc housing market trends

This article originally published at https://dc.urbanturf.com/articles/blog/the_5_most_important_stats_from_the_may_housing_market/23590.

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