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

 

Surge in new listings accompanied by strong buyer activity in the Washington D.C. metro area. A total of 5,925 new listings came onto the market across the Washington D.C. region in March. Listings were up 19.2% year-over-year and surged 44.5% between February and March. The jump in new listings in the D.C. region was stronger than in other markers in the Mid-Atlantic which suggests a possible impact on the housing market of federal government layoffs and back-to-the-office mandates. But sellers are still finding eager buyers. In March, there were 4,952 new pending contracts in the Washington D.C. region, up 3.2% compared to a year ago and an increase of 42.1% over February. Prices are growing more slowly than they have been over the past couple of years. In March, the median sold price was $625,000, up 4.2%, the slowest yearover-year price gain since October 2023.

 

 

Heading into the spring market, the Washington D.C. area housing market is likely to be softer than other markets as the impacts of DOGE are absorbed into the economy. Buyers who remain in the market will benefit from falling rates and more inventory. However, there are significant economic headwinds which could offset those upside effects, resulting in a slower-than-average spring housing market in the D.C. region.

 

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