March home sales data for the Washington metro area are largely lagging numbers, reflecting contract signings that took place in late February and early March. But prices were still holding up, and the number of closed sales was mostly higher than a year ago throughout the region.
However, there was a noticeable drop in the number of homes for sale by the end of last month.
Long & Foster said the median price of a home that sold in the District last month was $609,950, up 7% from a year ago, with a 14% drop in the number of homes on the market, compared to last March. >Read More