Well, That’s a First – a Very Good First

Contract activity for March 16 - 22, 2025 in the Metro DC area was up 1.1% compared to the same seven-day period last year.

Key Takeaways

• That 1.1% increase may not seem like much, but this is the first weekly increase compared to the same time in 2024 all year.
• It’s also the first time this year weekly contract activity has exceeded 1,250, and there were almost 100 more than just one week ago.
• And once again, Loudoun County led the way with an 18.3% jump in new contracts, and Loudoun is the only one of the six jurisdictions tracked with a year-to-date increase in the number of newly ratified contracts.

Why it Matters

• We are encouraged by this positive sign, especially given the concerns over the near-term future of the metro area’s economy.
• We’ll be keeping a close eye on this, but this market remains uneven. As mentioned, year-to-date contract activity is up 1.5% in Loudoun County, but it’s down 17.3% in Prince George’s County.
• It’s another indication of how “local” real estate is – market conditions vary widely.