D.C. housing prices, it’s no surprise, have been increasingly sharply in recent years. But recently D.C. housing prices have marked record territory in median sales price of nearly $500,000 in May, with homes selling exceptionally quickly.
The average time a home in D.C. was on the market nine days lately, about twice as fast as they sold a year ago, according to the RealEstate Business Intelligence. Homes were on the market an average of 11 days in April and 15 days in March, even with 20% more listings than a year ago, although listings are still slim.
The average home prices rose 8.9% in May from a year prior to $490,000, the highest of D.C. housing prices recorded in May. That’s more than $30,000 higher than in May last year and $70,000 in May…
