Market in a Minute & StatPak February 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, Loudoun County, and the Virginia Countryside. 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.

Contract activity in January 2025 was up 6.5% from January 2024 and was up in five out of six price categories. The average number of days on the market for homes receiving contracts was 76 days in January 2025, up from 62 days in January 2024.

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Contract activity in January 2025 was up 6.9% from January 2024 and was up in five out of six price categories. The average number of days on the market for homes receiving contracts was 35 days in January 2025, down from 37 days last January.

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Contract activity in January 2025 was down 16.2% from January 2024 and was down for four out of five price categories. The average number of days on the market for homes receiving contracts was 46 days in January 2025, up from 45 days in January 2024.

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Contract activity in January 2025 was down 9.8% from January 2024 and was down for five price categories. The average number of days on the market for homes receiving contracts was 35 days in January 2025, down from 36 days last January.

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Contract activity in January 2025 was down 10.4% from last January and was down for three price categories. The average number of days on the market for homes receiving contracts was 30 days in January 2025, down from 36 days last January.

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Contract activity in January 2025 was down 13.4% from last January and was down for five price categories. The average number of days on the market for homes receiving contracts was 63 days in January 2025, up just one day from 62 days last January.

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