In April 2025, the Washington, DC housing market reflected a shifting landscape marked by increased inventory and moderated buyer activity. A total of 23,305 property showings were recorded for the month, representing a 12.3% decrease compared to April 2024, and a 3.3% dip from the previous week. This slowdown in showings suggests that buyer interest may be cooling slightly, possibly in response to changing market dynamics or rising inventory levels.
There were 1,547 new purchase contracts signed in April, down 5.4% year-over-year, yet up 5.5% from last week, indicating that while demand is softer than last year, there has been a recent uptick in buyer commitment. Meanwhile, the median time to contract rose to 22 days, which is 3 days longer than April 2024, and 2 days longer than last week, suggesting that homes are taking slightly more time to go under contract—another sign of a market slowly shifting toward a more balanced pace.
On the supply side, the number of new listings increased to 1,734, a healthy 9.8% rise compared to last April, though it dipped 4.3% from the prior week, possibly indicating a pause in seller activity. Despite this weekly slowdown, inventory levels continue to climb, with active listings reaching 8,288, marking a significant 47.5% increase year-over-year and a 3.9% gain over last week. This notable rise in available homes is likely contributing to longer market times and more price adjustments.
The median list price held steady at $649,000, unchanged from April 2024, and down just 0.1% from last week, reflecting price stability despite the growing inventory. Still, more sellers are adjusting their expectations, as 9.2% of active listings had price decreases, up 2.1 percentage points from last year and 0.1 percentage point from last week. Additionally, there were 106 canceled listings, which is a 16.5% increase compared to April 2024, although cancellations dropped 10.9% from last week, potentially indicating some market stabilization.
Overall, the DC market in April 2025 appears to be recalibrating. Inventory growth is providing more choices for buyers, but reduced showings and slower contract activity suggest more deliberate buying behavior. Sellers may need to remain competitive on pricing and expectations, as the market adjusts to this evolving dynamic.
