DC-Area Home Sales Rebound in February as Mortgage Rates Ease Slightly but Prices Continue Climbing
• Existing home sales jumped 9.5% in February compared to January, showing signs of life in the housing market • The D.C. metro area has seen double the number of sales and volume compared to 2023, according to one realtor • New listings and active listings in the D.C. area were up over 7% and 5% respectively in February • Mortgage rates have eased from highs last fall but remain elevated compared to extremely low pandemic rates • Median home prices in the D.C. metro continue rising, up 4.7% in February with even larger gains for single-family homes