Washington, D.C. Metro Housing Market Report – April 2025

 

Listings up, contracts lower in April in the Washington D.C. metro area. Inventory surged in April. At the end of the month, there were 9,815 active listings, a 49.4% increase over a year ago. The number of new listings coming onto the market in April was 1.7% higher than April 2024. Homebuying activity in the D.C. region is more subdued than a year ago. The number of new pending sales in April was 6.6% lower than a year ago. Throughout the region, only Arlington County had more new pending sales in April 2025. The Washington D.C. area housing market likely is experiencing the impact of DOGE and federal government workforce cuts. Buyers are more cautious, and listings are up more strongly than in other parts of the Mid-Atlantic. Home prices continue upward even with the uncertainty. The median price of $655,215 in April 2025 was a record high for the region, up 2.4% year-over-year.

 

 

Expectations for lower mortgage rates to affect the 2025 spring housing market positively have been dampened by economic uncertainty, cuts to the Federal government workforce, and return-tothe-office policies. With more new listings coming onto the market, buyers in the D.C. region will have more room to negotiate. However, prices are likely to continue to rise or hold firm in most local markets across the region.

 

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