While sales were up significantly from 2014 when there were 46,180 sales, they were only modestly higher than 2013 (49,102). Sales in the region have increased three of the past four years but remain well below the peak of 56,641 in 2006.
Since the region’s median price bottomed out at $331,500 in 2009, it has risen the past six years and now is at $410,000. It is just 1.2 percent below 2007’s peak level of $415,000.
In Prince George’s County, the median price rose 6.3 percent to $235,000 last year from $221,000 in 2014. The District had the second-largest gain in median price, growing 4.8 percent to $523,000 last year from $499,000 in 2014.
Falls Church City had the highest median price in the area despite being the only jurisdiction where prices fell. The median price there dipped 1.4 percent to $690,000 last year from $700,000 in 2014.
Half the homes in the D.C. region sold in just more than three weeks in 2015. The median days on market was 22, up two days from 2014. Homes sold the quickest in the District, with half of the homes selling in 12 days or less. Homes took the longest to sell in Montgomery County, with half the homes selling in 28 days or more.