The number of homes going to contract in the Washington region for the week ending Nov. 5 was up (slightly) both from the preceding week and from a year ago.
That’s according to Bright MLS, which reported 1,102 contracts for the week, up 0.8 percent from a week before and up 0.5 percent from a year ago.
New listings, however, were down in both cases. The 984 homes coming to market represent a decline of 3.6 percent from the previous week and were down 13.1 percent from a year ago.
For the week, there were 15,653 property showings, also in negative territory – down 5.4 percent from a week ago and off 16.3 percent from a year before.
The median list price of all properties in the region stood at $550,000, down 4.3 percent from a week before and unchanged from a year ago.
Homes that went to closing during that week spent a median 22 days between listing and ratified sales contract, a figure unchanged from a week before but up five days compared to the same period 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.
