Low mortgage rates and confidence in the economy have given a boost to the D.C. region’s housing market.

Even as the market heads into its typical year-end slowdown, home buyers have been snapping up properties at a brisk pace. Sales, which have been robust through the first 10 months of the year, were strong again in October, according to data released Tuesday morning by RealEstate Business Intelligence, a subsidiary of MRIS.

The 3,871 sales last month were 2.3 percent higher than October 2014 and nearly 10 percent higher than the five-year average for the month. More than 41,000 homes have sold this year, which is nearly 900 more sales than 2013 and nearly 3,600 more sales than 2014.

Pending sales – homes under contract but the deal has not been completed – indicate the market will remain active. The 4,794 homes under contract last month was a 7.8 percent increase from October 2014 and the highest level in at least a decade.

Home prices continue to moderate. The median price for the D.C. region dipped slightly last month to $399,000, the first time since February it has fallen below $400,000. Since March, the monthly year-over-year price growth in the D.C. area has hovered between 2.6 percent and minus-1 percent.

There were 12,676 homes listed for sale last month, which was 6.4 percent higher than October 2014 and 12 percent higher than the five-year average for the month. The 6,164 new listings last month were nearly 6 percent higher than October 2014.

Homes lingered on the market a bit longer last month. The median days on market crept up to 27 days, three days longer than in October 2014. Homes are selling fastest in the District (11 days) and slowest in Fairfax City (42 days).