For the week ending November 10, the region saw 4,895 new listings, reflecting the typical seasonal slowdown in new inventory as the year progresses. However, new listings were still 6.6% higher compared to the same week last year, indicating that while the market is cooling slightly, it remains more active than in 2023. Although new listings are still well below pre-pandemic levels, homebuyers can expect to see more options in the coming year, particularly in 2025.
The total number of active listings for the week was 37,071, marking a notable 13.6% increase from the same time last year. This increase in active inventory provides prospective homebuyers with a wider range of options than they had last fall, across all major metropolitan areas. However, affordability remains a significant challenge, as list prices have continued to rise, putting upward pressure on overall home prices.
In the Mid-Atlantic, the median list price has cooled slightly in comparison to earlier in the year but is still up 6.8% compared to 2023. Across most metro areas, year-over-year median list prices showed growth, with the notable exceptions of the Washington Metro and Southern Maryland regions, where prices have remained more stable or even declined.
