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.
Two Up, Three Down, One Unchanged
Contract activity for February 9 - 15, 2025 in the Metro DC area was down 4.9% compared to the same seven-day period last year.
Key Takeaways
- It was another fairly sluggish week, and every week so far this year has seen weaker contract activity than the corresponding week last year.
- And as we have seen in previous weeks, there is no consistency as to which areas have good weeks. But so far this year, Prince George’s County has the biggest drop in contract activity.
Why it Matters
- Through the seven weeks of the year, activity is down 7.4%.
- Homes are taking, on average, about 5 days longer to sell than last year.
- Given the continuing uncertainty about federal workforce employment and interest rates that remain uncomfortably high, the market performance is actually better than we expected.
A Much Better Week
Contract activity for February 9 - 15, 2025 in the Virginia Countryside and West Virginia Panhandle area was down just 0.7% compared to the same seven-day period last year – a difference of just one contract.
Key Takeaways
- This is so much better than the previous week’s 22% drop and is the best week so far this year.
- For the first week, there was consistency between the market performance of the Countryside and West Virginia Panhandle markets – Countryside was unchanged and the Panhandle was off by just 1.2%
Why it Matters
- Year-to-date, the two jurisdictions combined are down 9.8%.
- We’re also seeing that homes are taking, on average, about a week longer to sell than last year. The average is now almost 49 days vs. 40 days last year.
The Real Estate Details
- Virginia Countryside was unchanged and is down 103% year-to-date
- West Virginia Panhandle was down 1.2% and is down 9.4% year-to-date
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Copyright © Corcoran 2023 – 2025. Corcoran and the Corcoran Logo are trademarks of Corcoran Group LLC. Corcoran Group LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated offices are not provided by, affiliated with, or related to Corcoran Group LLC nor any of its affiliated companies.
© Corcoran McEnearney 2025. All rights reserved.
DO NOT SELL MY PERSONAL INFORMATION
