The luxury housing market across Mid-Atlantic cities, including Washington, D.C., picked up pace during the third quarter compared to last year, with demand and supply reaching something of an equilibrium, according to a report from BrightMLS released Tuesday.

There were 2,921 luxury sales in 10 Mid-Atlantic metro areas in the third quarter, up 2.8% from a year ago. Pending listings were even stronger, with 2,849 deals in the pipeline, a 7.3% increase from last year. (Luxury is defined as homes priced in the top 5% of the market.) 

Affluent house hunters had less to choose from, with new listings declining 7.6% from last year, resulting in 6.7% fewer luxury homes for sale than the same time last year. That differs substantially from the overall housing market, where inventory increased by 16.7%. 

Despite the tight inventory, however, house hunters found a less competitive market. Fewer homes sold above their listing price in the third quarter and days on market increased, indicating that demand may be slowing. In the third quarter, 33% of homes sold above listing price, compared to 38% last year. 

The markets with the highest share of luxury sales were Princeton, New Jersey, with 59 sales, followed by McLean, Virginia, and Long Beach, New Jersey. Princeton and McLean also saw the most ultra-luxury deals, or those priced in the top 1%, followed by Wayne, Pennsylvania, an affluent suburb of Philadelphia. 

While Washington, D.C. came in fourth for ultra-luxury sales, it included the three most expensive sales of the quarter, starting with a historic Georgetown mansion that sold for $9.65 million and a $9.14 million sale in nearby Kalorama—both of which sold below asking. The next two most expensive sales were in McLean, Virginia, a suburb in the greater D.C. metro. 

Eyes are likely to return to D.C.’s luxury housing market over the next few months following the reelection of President Donald Trump, who’s top advisors drove a spate of very high-end home deals in and around the U.S. capital at the start of his first term in 2017.

The luxury benchmark is highest in the D.C. metro is highest at $1.6 million, followed by $1.1 million along the Delaware/Maryland coast, and $1 million in Philadelphia. 

The share of all-cash sales remained relatively flat at 32%, but it was highest in the more expensive metros. Along the Delaware/Maryland coast, 63% of luxury sales were all-cash deals, and they accounted for 38% of sales in Philadelphia.