How does the market looks?
Housing Market trends
Homes prices at a new record high in the Washington
D.C. metro.
The median sold price in the D.C. metro area
was $680,000 in May, a 3.0% increase over a year ago, and
a new record high, driven by strong price growth in the
single-family detached market where the median price hit
$900,000 last month.
A lack of single-family inventory is a key driver of recent
price growth. Overall, the supply of single-family detached
homes is just 55% of what it was in 2019, while townhome
inventory is back to 2019 levels and condo inventory has
pushed far above pre-pandemic levels.
Homes are selling very quickly in the Washington D.C.
metro area, and demand outpaces supply in many local
markets. The median days on market in May was 8,
unchanged from a year ago. The typical single-family
detached home sold in just 6 days. New pending sales
were up only slightly, rising 0.2% from a year ago.
However, sellers held back, with the number of new
listings in May down 4.9% compared to May 2025.
Market Outlook
The Washington D.C. metro area is a tale of two markets. Higher-
income buyers are putting upward pressure on the single-family
market, as inventory remains lows and prices continue to rise.
There are fewer first-time and moderate-income buyers. Buyers
who are in the market will have more leverage in the townhome and
condo markets, where inventory is expanding.
