The volume of sales in the DC metro area appears to be cooling down versus last year, coupled with an overall trend of higher prices. We are seeing lower sales than last May but also lower inventory available, which indicates interest rates are still playing a big role in the market – sellers don’t want to give up their low interest loans and buyers are seeing higher prices combined with (percieved) high interest rates. The fact that interest rates are slightly lower than traditional long term rates (7.74% average over the past 50 years) is offset by current prices.
Check your local market information below:
| Median Price | Change since last year % | Sales | Change since last year | Active Inventory | Change since last year | Days On Market | Change since last year | |
| Adams County PA | $346,000 | 3% | 83 | -14% | 167 | 4% | 28 | -18 |
| Alexandria VA | $705,000 | -6% | 221 | 0% | 221 | -3% | 12 | -8% |
| Arlington County VA | $772,500 | 6% | 230 | -17% | 343 | 1% | 17 | -6% |
| Baltimore City MD | $220,000 | 0% | 799 | -6% | 2000 | -2% | 37 | 9% |
| Baltimore County MD | $370,000 | 9% | 761 | -16% | 1059 | -3% | 18 | -10% |
| Berkeley County WV | $315,000 | 5% | 223 | 15% | 384 | -6% | 30 | -3% |
| Carroll County MD | $451,000 | 5% | 149 | -22% | 210 | 7% | 13 | -28% |
| Clarke County VA | $677,500 | 43% | 17 | -11% | 24 | -23% | 33 | -3% |
| Fairfax City VA | $839,250 | 17% | 32 | -33% | 29 | -29% | 7 | -33% |
| Fairfax County VA | $765,000 | 7% | 1343 | 4% | 1309 | 1% | 13 | 0% |
| Falls Church City VA | $1,280,000 | 20% | 20 | 0% | 26 | 63% | 13 | 160% |
| Fauquier County VA | $600,000 | 5% | 85 | 1% | 143 | -18% | 16 | -38% |
| Federick County VA | $442,750 | 6% | 148 | 23% | 268 | 11% | 28 | -13% |
| Franklin County PA | $300,000 | 11% | 160 | 20% | 243 | 5% | 28 | 8 |
| Frederick County MD | $507,500 | 5% | 336 | -4% | 457 | 13% | 15 | -12% |
| Jefferson County WV | $416,000 | 1% | 116 | 45% | 163 | -3% | 25 | -7% |
| King George County VA | $470,000 | 2% | 39 | 39% | 60 | -18% | 34 | 62% |
| Loudoun County VA | $750,000 | 4% | 487 | -8% | 584 | 7% | 11 | -15% |
| Manassass City VA | $401,777 | -11% | 43 | 2% | 33 | -31% | 12 | 33% |
| Manassass Park City VA | $447,500 | 3% | 26 | 86% | 5 | -77% | 12 | 0% |
| Mineral County WV | $185,000 | 6% | 17 | -11% | 41 | 11% | 20 | -9% |
| Montgomery County MD | $650,000 | 7% | 1029 | 1% | 1129 | 12% | 14 | -7% |
| Morgan County WV | $274,500 | -6% | 12 | -52% | 70 | 11% | 46 | 7% |
| Prince William County VA | $583,000 | 4% | 538 | -4% | 512 | -3% | 10 | -23% |
| Stafford County VA | $550,500 | 10% | 218 | -15% | 249 | -9% | 15 | 15% |
| Warren County VA | $375,000 | 3% | 57 | 6% | 116 | 22% | 22 | -12% |
| Washington County MD | $322,200 | 7% | 156 | -7% | 264 | -16% | 38 | 52% |
| Washington DC | $690,000 | 3% | 669 | -14% | 2506 | 20% | 33 | 10% |
| York County PA | $274,900 | 1% | 498 | -1% | 706 | 0% | 26 | 24% |
If you don’t see your local area above, please contact me to have it added! For markets outside our coverage area, check out Long & Foster’s Market Minute.
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