How does
Residential market look?
Market Highlights
The D.C. Metro residential market is showing stronger buyer activity in mid-September, with 12,036 active listings, a 3.8% increase from the previous week, giving buyers more options across the market.
The median list price stands at $644,900, down 0.8% from the previous week. Meanwhile, 10.1% of active listings have undergone price reductions, indicating that sellers continue to adjust pricing strategies in response to market conditions.
Buyer activity shifted during the week, with 15,329 showings, a 7.8% decrease from the previous week. However, 1,042 new purchase contracts were recorded, representing a 20.3% increase, while the median time to contract improved to 30 days, six days faster than the week before.
New listings totaled 1,669, a 9.2% decrease from the previous week, while canceled listings increased 32.0% to 194. Overall, the market is showing stronger contract activity alongside increased inventory, while sellers continue to navigate changing buyer activity and pricing conditions.
Market Outlook
The D.C. Metro residential market is showing stronger contract activity, with new purchase contracts increasing while the median time to contract improves to 30 days. At the same time, rising active inventory is giving buyers more options as the market moves into the fall season.
Buyers are gaining greater choice as active listings increase, while sellers are navigating a market where pricing and strategic positioning remain important. The decline in new listings alongside increased active inventory suggests a more measured pace of new supply.
Overall, the market remains active but evolving, with stronger contract activity creating opportunities for buyers while sellers continue to adapt to changing inventory, pricing, and demand conditions.
