April’s real estate market in the DC Metro continued the trends we’ve been seeing since interest rates were increased – namely lack of inventory therefore higher prices in most areas. Sales and days on the market varied somewhat, with a slight correlation in markets between higher sales and fewer days on market. I expect this trend to continue until we see some movement in interest rates as many people are avoiding selling because any new financing is likely to be at a higher rate than current rates. It will take several years to work through the current inventory with low interest rates if rates are not lowered. In some markets, such as Loudoun and Montgomery counties and Washington DC having sales very close to or over list price on average. Please see your local market in the table below, or let me know if you’d like me to add a market!
| 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 | $340,000 | 28% | 62 | -19% | 152 | 0% | 38 | 23% |
| Alexandria VA | $728,000 | 18% | 191 | 0% | 172 | -21% | 12 | -37% |
| Arlington County VA | $790,000 | 18% | 245 | 13% | 278 | -22% | 22 | -35% |
| Baltimore City MD | $205,000 | -2% | 764 | 6% | 1864 | -8% | 39 | 0% |
| Baltimore County MD | $353,100 | 2% | 684 | -4% | 897 | -15% | 20 | -13% |
| Berkeley County WV | $305,300 | 8% | 225 | 11% | 335 | -13% | 22 | -33% |
| Carroll County MD | $494,000 | 9% | 139 | 5% | 193 | -13% | 14 | -50% |
| Clarke County VA | $450,000 | -28% | 13 | -35% | 23 | -8% | 31 | -3% |
| Fairfax City VA | $790,000 | 13% | 26 | -4% | 23 | -49% | 8 | -47% |
| Fairfax County VA | $750,000 | 7% | 1166 | 14% | 1099 | -14% | 14 | -13% |
| Falls Church City VA | $1,150,000 | 44% | 9 | -31% | 9 | -57% | 5 | -75% |
| Fauquier County VA | $563,948 | 13% | 78 | 30% | 130 | -21% | 42 | 68% |
| Federick County VA | $429,900 | 12% | 139 | 26% | 254 | 4% | 32 | -11% |
| Franklin County PA | $265,000 | 2% | 127 | 14% | 197 | -18% | 33 | -6 |
| Frederick County MD | $460,000 | 5% | 291 | -10% | 368 | -7% | 18 | -25% |
| Jefferson County WV | $383,500 | 6% | 95 | 12% | 160 | 5% | 39 | -19% |
| King George County VA | $462,500 | 15% | 34 | 89% | 65 | 0% | 46 | 21% |
| Loudoun County VA | $777,625 | 13% | 450 | 1% | 496 | -15% | 17 | -11% |
| Manassass City VA | $424,500 | 0% | 34 | -24% | 33 | -21% | 7 | -36% |
| Manassass Park City VA | $501,000 | 12% | 25 | 127% | 8 | -56% | 20 | 11% |
| Mineral County WV | $215,000 | 15% | 19 | 6% | 36 | 6% | 109 | -39% |
| Montgomery County MD | $650,000 | 8% | 872 | 10% | 979 | -8% | 16 | 0% |
| Morgan County WV | $281,451 | -22% | 28 | 40% | 63 | 11% | 41 | -7% |
| Prince William County VA | $570,000 | 10% | 471 | 4% | 433 | -18% | 12 | -20% |
| Stafford County VA | $519,450 | 4% | 200 | 10% | 237 | -18% | 22 | 5% |
| Warren County VA | $370,000 | 2% | 56 | 17% | 105 | 4% | 14 | -52% |
| Washington County MD | $325,000 | 3% | 125 | 19% | 232 | -19% | 29 | -28% |
| Washington DC | $705,450 | 5% | 594 | -6% | 2325 | 11% | 35 | 17% |
| York County PA | $280,000 | 10% | 430 | 0% | 627 | -5% | 29 | 16% |
Feel free to contact me with any questions regarding the local real estate market.
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