The Washington D.C. area housing market has shown signs of slowing down, largely due to ongoing economic uncertainty. New pending sales in the region decreased by 9.5% year-over-year, with only 3,485 contracts in February 2025. This marks the slowest pace of February contract activity since 2008, reflecting the broader challenges faced by the market. The only area seeing a notable uptick was Loudoun...
Market Update
https://terringwanggroup.com/wp-content/uploads/2025/01/JAN-12-2025-Market-Watch.mp4 The Washington, D.C. real estate market for the week ending January 12, 2025, has exhibited notable fluctuations, reflecting both seasonal trends and market shifts. New listings totaled 915, marking a significant 7.5% decrease year-over-year from January 2024 but a robust 22% increase compared to the previous week. The...
https://terringwanggroup.com/wp-content/uploads/2025/01/JAN-2025-Market-Watch.mp4The Washington DC real estate market for the week ending January 5, 2025, presents a mix of year-over-year declines and week-over-week improvements. New listings totaled 750, reflecting a 5.9% decrease compared to the same week in January 2024. However, there was a dramatic 99.5% increase in new listings from the previous...
https://terringwanggroup.com/wp-content/uploads/2024/12/Dec-15-Market-Watch.mp4The Washington, DC real estate market showed mixed results during the week ending December 15, 2024. Below is an overview of the key performance metrics: New Listings: A total of 628 new listings were recorded, reflecting a 5.2% increase compared to the same week in December 2023. However, new listings saw a notable decline...
As of November 2024, closed sales in the Washington, D.C. metro area have shown notable improvement, with a 7.7% increase compared to November 2023. This growth has helped shift the year-to-date sales trend into positive territory, up by 0.5%. The outlook for the market remains optimistic, bolstered by strong performance in new pending sales, which saw a significant 13.8% year-over-year...
https://terringwanggroup.com/wp-content/uploads/2024/12/Dec-8-Market-Watch.mp4 As we approach the end of the year, the real estate market in the DC Metro area is showing continued signs of activity, with key indicators revealing mixed trends as buyers and sellers adjust to current conditions. New Listings: The number of new listings in the DC Metro area reached 836 this week, representing a 12.8%...
https://terringwanggroup.com/wp-content/uploads/2024/12/Dec-1-Market-Watch.mp4 As we approach the final weeks of 2024, the DC Metro real estate market continues to show signs of seasonal slowdown, with notable shifts in key metrics. The week ending December 1, 2024, presents a mixed picture for homebuyers and sellers alike, with decreases in new listings and purchase contracts, while median list prices...
https://terringwanggroup.com/wp-content/uploads/2024/11/NOV17-Market-Watch.mp4The Washington DC real estate market for the week ending November 17, 2024, shows steady activity with mixed trends. Buyer interest remains strong, as evidenced by a 26.3% increase in showings year-over-year and a 14.4% rise from the previous week. However, new purchase contracts have slightly slowed down, down 2.3% from the...
https://terringwanggroup.com/wp-content/uploads/2024/11/NOV3-Market-Update.mp4 For the week ending November 3, the Mid-Atlantic region saw 5,462 new contracts, reflecting a 5.6% decrease compared to the previous week. Despite this decline, the number of pending contracts remains 3.9% higher than the same period last year, marking the ninth consecutive week of year-over-year increases. This indicates...
https://terringwanggroup.com/wp-content/uploads/2024/10/Commercial-Market-Update-web.mp4 The Washington region enjoys one of the highest median incomes in the nation, supporting a robust consumer base. The retail market remains tight, with an availability rate of 4.3%, the lowest since 2008, and annual asking rent growth at 3.6%, surpassing the 10-year average of 2.7%. However, due to a lack of new...
