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

 

 

Inventory is rising quickly in the Washington D.C. metro. At the end of July, there were 10,283 active listings across the region, which is up 40.1% compared to a year ago. The inventory of attached homes and condos is now at or above pre-pandemic levels, but the number of singlefamily detached homes on the market is still very limited. New listings in July were lower than a year ago; however, year-to-date new listings in the region are tracking 7.5% higher than 2024. At the same time, buyers are holding back. Closed sales were down 2.5% in July, while the number of new pending sales fell by 3.4%. The median sold price in the region was $640,000 in July, up 2.4% compared to a year ago. Stronger sales in the higher-end of the market is driving the increase in the median price. Across the region, housing market activity is strongest in the District and close-in suburbs, while sales have dropped off more in the outer suburbs of the region.

 

 

There has been uncertainty in the Washington D.C. area housing market as a result of federal government layoffs and budget cuts. As inventory rises, expect home price growth to soften as we head into fall. In some local markets, particularly in the further out jurisdictions, home prices could fall year-over-year. Buyers who remain in the market will have more leverage, though economic uncertainty will continue to keep some would-be buyers on the sidelines.

 

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