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NEWS
June 2023 Market Report
The number of available homes for sale in the Mid-Atlantic has fallen to historic lows, and home prices are once again at record highs.
The median home price in the Bright footprint was $408,000 in June, 2.3% higher than a year ago and a new record high. Despite elevated mortgage rates, buyer demand remains strong as low inventory continues to be a major constraint on the market. Half of all homes are selling in a week or less, nearly as fast as during the height of the pandemic.
Read the June report press release.
How did the market perform in June? Download the Monthly Market Reports:
| MID-ATLANTIC REPORT | MARKET METRO AREA REPORTS |
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Share it! Review June’s key findings and download graphics for each region:
MARKETING KIT |
What is the level of demand in your area? View current market activity down to the ZIP code with the Home Demand Index:
Want to see the statistics for your county?
Register for your free SmartCharts account to view monthly housing statistics for your county. And, if you want to dive even deeper, upgrade to SmartCharts Pro for zip code and school district-level statistics. Register today!
Get the latest Weekly Market Report
Our weekly report gives you real-time data on residential market activity across the Bright footprint.
Recent articles
With homes selling fast and a lack of new listings, prices in the Mid-Atlantic may have bottomed out and could be set to rebound.
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