January 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 buyers and sellers cautious in
January. A new Presidential administration and higherthan-expected mortgage rates contributed to a slow start
to the 2025 housing market. While closed sales were up
compared to a year ago, new pending contracts fell by
6.4% year-over-year. The number of showings in the
region down 6.5% compared to last January.
Listing activity was also relatively slow. While the number
of fresh listings increased from December’s record low,
overall listing activity was down 4.1% compared to last
January.
Buyers that are in the market are taking more time to
make an offer. The median days on market in January
was 23, which was three days slower than last year and
was four days slower than the December pace.
Home prices are still rising in the region, though the pace
of price growth has slowed. In January, the median sold
price was up 4.4% compared to a year ago, the lowest
year-over-year price change since October 2023.
