Weekly Meter
DC / MD / VA / WV
We compare contract activity for the same seven-day period of the previous year in Loudoun County, Prince William County, Northern Virginia, Washington, DC, and Prince George's County. These statistics are updated on a weekly basis. Sign up for our newsletter on the latest market data.
Another Very Solid Week
Contract activity for May 11 - 17, 2025, in the Metro DC area was up 11.2% compared to the same seven-day period last year.
Key Takeaways
- Once again, we almost had a clean sweep – 5 of the 6 jurisdictions tracked here had increases in the number of newly ratified contracts. Only Prince William County posted a decrease.
- This is the third consecutive weekly improvement in the number of newly ratified contracts. After a rather sluggish early spring, the market is picking up a little steam as we head toward Memorial Day
- The increase last week occurred despite the fact that the mortgage interest rate ticked up a bit from the previous week, hovering close to 7%.
Why It Matters
- Year-to-date, the Northern Virginia suburbs are faring a bit better than their cousins on the other side of the Potomac. Loudoun County remains the only jurisdiction with a YTD increase – up 4.2%, and Northern Virginia and Prince William County are down only slightly – 0.6% and 1.1% respectively.
- Reflecting the affordability challenge for first-time buyers, the area with the lowest average sales price (Prince George’s County) is struggling, with YTD contract activity down 11.0%.
- Montgomery County is down just 2.1%, and Washington, DC has seen a nice rebound, down only 5.5% YTD.
One Up – One Down
Contract activity for May 11 - 17, 2025, in the Virginia Countryside and West Virginia Panhandle area was up 4.9% compared to the same seven-day period last year.
Key Takeaways
- That increase is entirely due to a sold week for the Virginia Countryside market (Fauquier, Shenandoah, Warren, Clarke and Frederick counties + Winchester City), with an 18.0% jump in the number of newly-ratified contracts.
- This pushed year-to-date contract activity (barely!) to the positive side for the first time in months – up 0.2%
- The three counties in the West Virginia panhandle – Jefferson, Morgan and Berkely – were off 7.3%.
- Year-to-date activity in WV is off 9.3%.
Why It Matters
- Homes took almost a week longer to sell than this time last year, an average of 34 days vs 28 days a year ago.
- As we have seen consistently throughout the year, activity on lower-priced homes is not as robust as more expensive homes. The number of contracts on homes priced under $750,000 is down 6.9%, while activity on homes above that threshold is up 32.3%
- Year-to-date contract activity in the WV and Countryside jurisdictions combined is down 4.7%.
The Real Estate Details
- Virginia Countryside was up 18%, and is up 0.2% year-to-date.
- West Virginia Panhandle was down 7.3% and is down 9.3% year-to-date.
PARTNERED AFFILIATES
Copyright © Corcoran 2023 – 2025. Corcoran and the Corcoran Logo are trademarks of Corcoran Group LLC. Corcoran Group LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated offices are not provided by, affiliated with, or related to Corcoran Group LLC nor any of its affiliated companies.
© Corcoran McEnearney 2025. All rights reserved. DO NOT SELL MY PERSONAL INFORMATION
PARTNERED AFFILIATES
Copyright © Corcoran 2023 – 2025. Corcoran and the Corcoran Logo are trademarks of Corcoran Group LLC. Corcoran Group LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated offices are not provided by, affiliated with, or related to Corcoran Group LLC nor any of its affiliated companies.
© Corcoran McEnearney 2025. All rights reserved.
DO NOT SELL MY PERSONAL INFORMATION
