It was a slow August across the Mid-Atlantic region served by Bright MLS, with 19,191 total closed sales, a 3.6% year-over-year decline. Pending home sales were down 5.8% from August 2025, while the number of home showings was down by 5.5%.
Active listings at the end of last month were up by 12.6% compared to one year earlier, although the number of new listings in August was 1.7% lower than a year ago. The median sold price was $441,995, up 2.1% from August 2025.
Bright MLS Chief Economist Lisa Sturtevant blamed the weak August data on economic burdens.
“Mortgage rates have remained persistently high this summer,” she said. “With home prices still rising in most markets, some homebuyers are simply hitting an affordability ceiling. Others are waiting for more certainty in both the economy and the housing market.”
Among the region’s major markets, the Philadelphia metro area recorded 5,820 closed sales, down 3% from the 6,000 transactions that occurred one year before. New pending sales in August 2026 were 3% lower than one year ago as sellers outpaced buyers, with 6,500 new listings coming onto the market in August, a 4.9% increase from August 2025. The median sold price was $425,000, which is a 4.9% gain from the prior year.
In the Baltimore metro area, there were 2,595 closed sales, a 6.9% drop from the 2,788 sales in August 2025. New pending sales tracked 4.9% below last year’s level and new listings in August 2026 were down 8.5% compared to a year ago. The median sold price was $425,000, up 2.4% from one year before.
In the Washington, DC metro area, there were 3,872 closed sales last month, a 9.2% decline from the 4,264 sales in August 2025. New pending sales were down sharply, tracking 11.5% lower from the prior year, and new listings were down 3.8% year-over-year. The median sold price was $640,000, a 2.4% year-over-year gain.
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