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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It’s Little More Than a Rounding Error

Contract activity for March 9 - 15, 2025 in the Metro DC area was essentially unchanged - down just 0.3% compared to the same seven-day period last year.

 

Key Takeaways

  • What a difference a rate makes! With mortgage rates hovering near 7% all year until early March, the roughly quarter percent downward tick over the last two weeks has had a positive impact on buyer activity.
  • Every week of 2025 so far has seen a drop in contract activity compared to 2024, and the weekly drops have been as much as 20%.
  • This past week there were almost 1,200 new contracts, by far the best week of this year, and there were only 3 fewer contracts than last year. That’s little more than a rounding error.

 

Why it Matters

  • Even more encouraging, four of the six jurisdictions we track actually posted increases in contract activity, and that’s the first time this year we’ve seen that.
  • Homes also sold a bit faster (an average of 27 days) compared to a year ago (an average 32 days)
  • As we have noted here repeatedly, one week doesn’t make a trend – but we’re encouraged.

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

Slowly Heading in the Right Direction

Contract activity for March 9 - 15, 2025 in the Virginia Countryside and West Virginia Panhandle area was up 2.8% compared to the same seven-day period last year.

 

Key Takeaways

  • With one up and one down, from week-to-week, the Countryside and WV Panhandle markets seem to switch places,
  • That was the case again, with the Virginia Countryside posting an 11% increase, while the WV Panhandle dropped 4.2%.

 

Why it Matters

  • Despite the weekly volatility, their overall performance is very similar year-to-date.
  • Overall, homes took a week longer to sell in both areas than last year.

 

The Real Estate Details

  • Virginia Countryside was up 11.0%, and is down 9.5% year-to-date
  • West Virginia Panhandle was down 4.2% and is down 8.6% year-to-date
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