New Listings were down 28.5 percent for single family homes and 21.7 percent for townhouse-condo properties. Under Contracts decreased 5.9 percent for single family homes and 5.0 percent for townhouse-condo properties.
The Median Sales Price was down 2.7 percent to $630,000 for single family homes and 3.4 percent to $424,950 for townhouse-condo properties. Days on Market increased 116.7 percent for single family homes and 160.0 percent for townhouse-condo properties.
Nationwide, total housing inventory increased 3.8% from the previous month, for a 3-month’s supply at the current sales pace. The shortage of homes for sale has kept prices high for remaining buyers, with a national median sales price of $396,100 as of last measure, a 3.1% decline from the same time last year and the largest annual decrease since December 201 1, according to NAR. As demand continues to outpace supply, properties are selling quickly, with the majority of homes listed for sale on the market for less than a month.
Source: https://www.dmarealtors.com/
