Mid-Atlantic Sales Fell 12% in October, but Inventory Jumped 22.1% While Prices Held Flat
Key Takeaways Mid-Atlantic closed sales fell 12.0% from a year earlier to 16,794 in October, and new purchase contracts fell 17.4% to 17,784, according to Bright MLS. Active listings jumped 22.1% to 58,931 even though new listings fell 2.0%, so inventory is building because homes are sitting, not because sellers are flooding the market. The regional median sold price was unchanged from a year ago at $425,000, but the metros split: Philadelphia rose 2.8% to $400,000, Baltimore held flat at $405,000, and Washington, D.C., slipped 0.8% to $625,000. Contracts fell hardest in Washington, D.C., down 20.4%, while showings across the region dropped 12.8% to 244,073. The Mid-Atlantic housing market did not crack in October. It slowed down, all at once, on almost every measure Bright MLS tracks. Bright MLS released its October 2026 housing market report on November 10, 2026. Bright is the largest multiple listing service in the United States, with over 100,000 real estate professionals across si...