Home sales across the Washington region for the first five months of 2024 were down slightly from a year ago even as the median sales price rose, according to new data.
A total of 19,462 properties went to closing during the January-through-May period, down 1.5 percent from 19,749 during the same period in 2023. That’s according to Bright MLS, the area’s multiple-listing service.
The median sales price of consummated transactions during the period was $600,000, up 7.1 percent from $560,000 a year before.
For the period, the median length of time between listing and ratified sales contract was a brisk seven days, down from nine a year before.
The figures represent market conditions in the District of Columbia; Arlington, Fairfax and Loudoun counties and the cities of Alexandria, Fairfax and Falls Church in Virginia; and Montgomery, Prince George’s and Frederick counties in Maryland.
Figures represent most, but not all, homes on the market. All 2024 figures are preliminary and are subject to revision.
