The median sale price of a home in the D.C. region hit a record high last month, per Bright MLS.
April's median sale price: $655,215, surpassing the previous record of $640,000 set last year.
The big picture: This comes as the DMV is seeing a record-high spike in home listings amid federal layoffs.
There were 9,815 active listings at the end of April — a 49% jump compared to a year ago, per Bright MLS.
What we're watching: While buyers will have more space to negotiate as more listings come onto the market, prices are likely to increase or remain level across the region, says Bright MLS.
