The State of the Housing Market in Washington, DC & Surrounding Areas – May 2025

Market in a Minute & StatPak May 2025

We profile the most important market indicators every month – contract activity, interest rates, inventory, affordability and direction of the market – in an easy to read and digest summary. It’s not just the numbers; it provides context to understand why the numbers are important and what they mean for the future of the market. Published for Washington, DC, Montgomery County, Prince George’s County, Northern Virginia, and Loudoun County. A quick summary of last month’s contract activity is shown below. To see the complete “Market in a Minute” reports for each jurisdiction we cover, click on the corresponding links.

What’s the Urgency Index?

This is simply the measure of the percentage of homes going under contract that were on the market 30 days or less, giving a sense of how quickly buyers feel they must act to put an offer on a home. To see your market’s Urgency Index click the link to view the full report.

Washington, DC

May 2025 StatPak – View Full Report

Contract activity in April 2025 was down 6.3% from April 2024 and was down in five out of six price categories. Through the first four months of the year, contract activity is down 5.2%. The average number of days on the market for homes receiving contracts was 54 days in April 2025, up from 44 days in April 2024.

Montgomery County

May 2025 StatPak – View Full Report

Contract activity in April 2025 was down 10.3% from April 2024 and was down in all six price categories. Through the first four months of the year, contract activity is down 4.4%. The average number of days on the market for homes receiving contracts was 24 days in April 2025, up from 18 days last April.

Prince George’s County

May 2025 StatPak – View Full Report

Contract activity in April 2025 was down 10.6% from April 2024 and was down for three out of five price categories. Through the first four months of the year, contract activity is down 12.8%. The average number of days on the market for homes receiving contracts was 36 days in April 2025, up from 31 days in April 2024.

Northern Virginia

May 2025 StatPak – View Full Report

Contract activity in April 2025 was down 5.8% from April 2024 and was down for four price categories. Through the first four months of the year, contract activity is down 3.5%. The average number of days on the market for homes receiving contracts was 19 days in April 2025, up from 16 days last April.

Loudoun County

May 2025 StatPak – View Full Report

Contract activity in April 2025 was down just 0.8% from last April and was down for four price categories. Through the first four months of the year, contract activity is up 7.6%. The average number of days on the market for homes receiving contracts was 22 days in April 2025, up from 19 days last April.

Virginia Countyside

May 2025 StatPak – View Full Report

Contract activity in April 2025 was up 7.9% from last April and was up for four price categories. Through the first four months of the year, contract activity is down 4.0%. The average number of days on the market for homes receiving contracts was 39 days in April 2025, up from 32 days last April.

Visit corcoranmce.com to search listings for sale in Washington, D.C., Maryland, Virginia, and West Virginia.

Don’t miss a post! Get the latest local guides and neighborhood news straight to your inbox!