May 2012 real estate search results are in and Washington, DC-MD-VA-WV(VA) was the #13 most searched market in the country in May 2012, based on data released today by Realtor.com, the #1 homes for sale real estate web site.
Median list prices for homes in Washington, DC-MD-VA-WV(VA) hit $399,900 in May 2012, a 8.08% increase from one year ago this month, and 1.24% increase from April 2012. The national median list price in May 2012 was $194,900, a 3.17% increase compared to May 2011.
Active for sale inventory of homes in Washington, DC-MD-VA-WV(VA) in May 2012 leveled out at 13,441, a -15.65% decrease compared to May 2011. National inventory counts for May 2012 were 1,876,924, a -20.07% decrease as compared to a year ago.
The median age of inventory in Washington, DC-MD-VA-WV(VA) in May was 52 days, a 8.33% increase compared to April 2012. Nationally, the median age of inventory was 83 days, a -1.19% decrease compared to April.
For details on all 146 MSAs monitored by Realtor.com in May 2012, click here:
Contact me if you’re interested in a custom report detailing real estate trend data by county or zip code.
Each month, Realtor.com surveys up to 250 Metro Service Areas (MSA) throughout the nation and monitors real estate trends including consumer search behavior, median list prices on for sale homes, active inventory counts and median age of inventory. The information is released to local markets to help consumers and real estate professionals as they work together to successfully navigate their local market.
According to Realtor.com, the top 10 most searched real estate markets, identified as MSAs, in the United States in May 2012 include:
1st Chicago, IL
2nd Detroit, MI
3rd Los Angeles-Long Beach, CA
4th Philadelphia, PA
5th Dallas, TX
6th Atlanta, GA
7th Tampa-St. Petersburg-Clearwater, FL
8th Phoenix-Mesa, AZ
9th Orlando, FL
10th Las Vegas, NV
In addition, the top most searched real estate markets in Virginia in May 2012, and the national searched rank included:
#13 Washington, DC-MD-VA-WV(VA)
#48 Norfolk-Virginia Bch-Newport News, VA
#68 Richmond-Petersburg, VA
#115 Roanoke, VA
Realtor.com, the #1 homes-for-sale site, displays more than four million for sale and for rent property listings fed directly to the site for free by more than 850 multiple listing services (MLS) across the nation. More than 80 percent of all listings on Realtor.com are updated every 15 minutes with important information including price changes, sold data and property status changes, with the remaining properties updated every one to 24 hours. All homes tracked in these monthly reports are single family homes, condominiums, co-ops and townhomes.