February 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?
Washington D.C. area housing market slow in light of
economic uncertainty. New pending sales dropped 9.5%
year-over-year with 3,485 contracts in February 2025. This
is the slowest pace of February contract activity since
2008. Across the D.C. area, only Loudoun County, VA had
more new pending sales than a year ago (+17.3%).
Listings were also lower in February, down 2.6% compared
to a year ago. Loudoun County (+26.8%) and Montgomery
County, MD (+2.3%) were the only two major markets in the
region where new listing activity was higher.
At the end of February, there were 6,857 homes for sale in
the D.C. area, up nearly 30% from a year ago. Inventory has
expanded across housing types, but only condo active
listings have recovered compared to their pre-pandemic
levels.
The median sold price in February 2025 was $597,000, a
6.6% increase compared to last year. Prices have risen by
more than 40% over the past five years in the Washington
D.C. region
