A Second Consecutive (Mostly) Good Week!

Contract activity for March 23 - 29 , 2025 in the Metro DC area was up 6.1% compared to last year's seven-day period.

Key Takeaways

• That 6.1% increase is not only the best weekly increase this year, and four of the six jurisdictions we track also posted increases. That’s the first time this year we’ve seen that.
• As we noted consistently over the last several weeks, there must be something in the water in Loudoun County. It was the leader again last week with a very healthy 41.6% jump in the number of newly ratified contracts, and the only one of the six jurisdictions tracked with a year-to-date increase in the number of newly ratified contracts, now up 4.6%.
• We add a cautionary note – with 1,240 new contracts last week, the market fell a little short of the 1,257 contracts the previous week. This is the time of year we expect to see modest week-over-week increases.

Why it Matters

• The market is heading – slowly – in the right direction after a rough start to the year.
• What has been consistent is the performance of more expensive properties relative to entry-level priced homes. Year-to-date contract activity for homes priced over $750,000 is up 25.2%, while activity below that threshold is down 3.3%.