The number of contracts signed to buy a house or a condo in the D.C. metro was down 26.3% in August compared to the same time last year.
Closed sales — deals likely inked in June or July — were down 25.3%, further evidence of quickly slowing local housing market.
Listing service Bright MLS reports the number of in-person showings by real estate agents in August was down 27% from a year ago.
Even so, prices are still higher. The median selling price of a home in August in the D.C. region was $555,000 — up 3.4% from August 2021.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
