Weekly Meter

DC / MD / VA / WV

We compare contract activity for the same seven-day period of the previous year in Loudoun County, Prince William County, Northern Virginia, Washington, DC, and Prince George's County. These statistics are updated on a weekly basis. Sign up for our newsletter on the latest market data.

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January 5 – 11 | More data next week

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Let it S(no)w!

Contract activity for January 5 - 11, 2025 in the Metro DC area was down 11.9% compared to the same seven-day period last year. Through the first 11 days of the year, activity is down 3.1%.

 

Key Takeaways

  • Funny thing: 6” – 8” inches of snow impact the real estate market!
  • All six of the jurisdictions we track saw a drop in contract activity, but the weather clearly skewed these numbers. This was the first significant snowfall in the metro area in three years, and we were actually surprised the numbers weren’t a lot worse.

 

Why it Matters

  • 11 days of contract activity doesn’t make a trend – especially when the weather changes.
  • The story this year won’t be the weather (at least we hope so!) – it will be about inventory, interest rates and affordability.
  • The other factor that is impossible to quantify is the policy impact of the incoming administration. Will return to work be a needed shot in the arm for downtown DC, or will there be job losses? Experience tells us these things take time, and that nothing is going to happen overnight.

Shenandoah, Warren, Clarke, Fauquier, Frederick Counties, Winchester City, and West Virginia.

Contract activity for January 5 - 11, 2025 in the Virginia Countryside and Werst Virginia Panhandle area was down 7.3% compared to the same seven-day period last year. Through the first 11 days of the year, activity is down 3.1%.

 

Key Takeaways

  • Funny thing: 6” – 8” inches of snow impact the real estate market!
  • This was the first significant snowfall in the metro area in three years, and we were actually surprised the numbers weren’t a lot worse.

 

Why it Matters

  • 11 days of contract activity doesn’t make a trend – especially when the weather changes.
  • The story this year won’t be about the weather (at least we hope so!) – it will be about inventory, interest rates and affordability.

The Real Estate Details – January 1 -4

  • Virginia Countryside was down 11.6%
  • West Virginia Panhandle was down 2.9%
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January 5 – 11 | More data next week

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2024 -- --
2023 -- --
2022 -- --
2021 -- --
2020 -- --

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