A 4^th of July Celebration . . . Except in Suburban Maryland

Contract activity for June 29 – July 5, 2025, in the Metro DC area was up just 0.8% compared to the same seven-day period last year.

Key Takeaways

• The 4^th of July holiday real estate market was positive for Washington DC and the Northern Virginia jurisdictions, and a little rough in suburban Maryland.
• Prince George’s County continues to have the most challenging market.  Last week, contract activity was down 12.3% and is off 11.1% year-to-date.  Montgomery County was off 11.3% last week, but is only off 1.4% year-to-date.
• Washington, DC had another very positive week, with a 21.6% increase on the heels of the previous week’s 17.2% jump.
• All three Northern Virginia jurisdictions posted gains last week, ranging from Northern Virginia’s modest 1.2% jump, to Prince Willaim’s 6.5% to Loudoun’s 20.0%

Why It Matters

• Despite the sub-market differences in contract activity, there are two consistent trends in this market in every area: compared to last year, inventory is rising, and homes are taking longer to sell.
• Inventory is up overall about 40%, and that is contributing to homes staying on the market longer.  Last week, the average time on the market was 35.3 days; last year it was just 23 days.