Home showings were up but new listings and ratified sales contracts were down week-over-week across the regional real-estate market, according to new figures.
Listing prices also dipped week-over-week but remained above the same period in 2022, according to data reported Nov. 13 by Bright MLS.
The number of signed contracts totaled 1,068 for the week, down 3.1 percent from a week before and down 5.8 percent from the same period a year ago, while listings coming onto the market (930) were down 5.5 percent and 9.7 percent, respectively.
Homes that went to closing for the week spent a median 24 days on the market, up one day from a week before but up a full week from a year ago.
Showings were healthy at 16,310, an increase of 4.2 percent from a week before if off 17.7 percent from the commensurate period in 2022.
The median listing price for homes coming on the market during the week of $542,500 was down 1.4 percent from a week before, although up 3.3 percent from the same week in 2022.
The weekly snapshot includes market activity 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. Most recent figures are preliminary and are subject to revision.
For more data, see the Website at brightmls.com/marketupdate.