August 2025. Monthly Housing Market Trends Report for Arlington, VA, Washington DC and Montgomery County. This is our monthly update and insights based on year over year numbers on these three markets. What do the numbers mean to you? How can they be translated to your current needs when buying or selling?
Opportunistic buyers are taking advantage of lower rates,
more inventory in the Washington, D.C. area market. In
August, there were 4,264 closed sales across the region,
which was 2.0% lower than a year ago. However, buyers
were active in August, putting contracts on 4,217 homes,
which was a 2.9% uptick from last August.
New listings were down 2.7% year-over-year, and inventory
is growing more slowly, but buyers in August took
advantage of easing mortgage rates and more leverage
with sellers.
The median sold price in August was $625,000, which was
up 2.1% compared to a year ago. Price growth has been
slowing since the beginning of the year, and in August,
median sold prices were down year-over-year in
Montgomery and Prince George’s counties.
The pace of the market has slowed considerably over the
past few months. The median days on market in August
was 19, which is nine days slower than last August.
