The Washington DC real estate market continues to show mixed signals, with some notable shifts in key metrics compared to both the previous year and last week. New listings have increased by 10.1% week-over-week, with 1,067 properties coming to market, though this is a slight decrease of 0.9% year-over-year from February 2024. The median list price has seen a modest decline of 0.6% from February 2024, now at $594,710, and is also down 3.3% from last week.
Homes are taking a bit longer to go under contract, with the median time to contract at 29 days—an increase of 8 days compared to February 2024, though up just 1 day from last week. New purchase contracts also dropped by 5.9% compared to last year, with 1,048 contracts being signed in February 2025, though this marks a positive 6.5% increase from the previous week.
Active listings have surged by 22.4% year-over-year to 5,607 homes currently available on the market, showing a slight increase of 1.0% compared to the previous week. Despite the increase in inventory, showings have decreased by 5.7% year-over-year to 19,832, although they rose by 4.9% compared to last week.
The percentage of active listings with a price decrease is up slightly to 6.9%, reflecting a 0.3 percentage point increase compared to February 2024 and a 0.9 percentage point increase from last week. Additionally, canceled listings have increased by 35.4% compared to last year, with 107 cancellations recorded in February 2025, and a notable 30.5% rise compared to the prior week.
Overall, the market is showing signs of seasonal shifts, with more inventory available but also longer times to contract and some price adjustments taking place. As the market adjusts, it’s clear that the pace of activity is slightly slower than last year, but there are signs of increasing momentum on a week-to-week basis.
