DC/VA Metro home prices reached record February highs. The February 2019 Washington DC/VA Metro area median home price of $427,000 was up 4.1% from last year and marked the 29th consecutive month of year-over-year price increases. Sellers are receiving 97.7% of original list price at sale, matching last year’s record February level.

Home inventories remain near historically low levels. Sales volume across the DC/VA Metro area shows a slight decline, down 2.2% from last year. And, although active listings were down 3.1% compared to last year, single-family inventories have grown for the last five months., Condo inventories have declined and townhomes have fluctuated.

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The following analysis of the Washington, D.C. Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on February 2019 Bright MLS housing data.