The median sold price for the Mid-Atlantic region encompassed by Bright MLS reached $450,000 in May, a 3.4% year-over-year increase and the highest level on record.
There were 24,153 new contracts on homes in May, a 4.5% increase from one year ago, although closed sales were only up 0.7% from May 2025. Sellers brought 25,771 new listings to the market last month, a 2.1% year-over-year increase, and the total active listings at the end of May reached 47,340, a 10.1% increase from one year before.
“While inventory is increasing, there are some markets where supply is still not keeping pace with demand,” said Bright MLS Chief Economist Lisa Sturtevant. “Despite elevated mortgage rates, some segments of the Mid-Atlantic housing market remain very strong as we head into summer.”
Among the region’s key markets, Philadelphia recorded 8,011 new listings in May, a 6.4% gain from one year ago, while new pending sales rose 4.0% year-over-year to 7,047. The median sold price rose 2.5% to $405,000.
The Baltimore metro area ended May with a total active inventory increasing by 16.1% to 6,315 listings. Closed sales decreased 3.9% year-over-year, while new pending sales in May were up 1.7%. The median sold price was $430,000, representing a strong 4.9% increase from one year ago, and a new record high for the region.
The Washington, DC metro area recorded a 0.2% dip in new pending sales to 5,367, while showing activity increased by 2.1% to 111,605 total showings. The median sold price reached $680,000, a 3% increase from May 2025 and a new record high fueled by robust sales of single-family detached homes.
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