May 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?
Home prices hit a new record high in the Washington D.C.
region. Despite rapidly-rising inventory, the median home
price was up 3.1% compared to a year ago, hitting a new
record high of $659,950 in the D.C. region. Home prices
rose in all major markets, with the exception of Frederick
County, MD.
Home sales had been sluggish throughout the spring, as
announcements of federal government layoffs mounted
and economic uncertainty increased. In May, there was a
total of 4,790 closed sales across the region, which was
down 6.5% compared to last May.
However, there still appear to be active buyers in the
market. New pending sales were up 3.5% over last year
and rose by 6.5% from April. Buyers appear to be taking
advantage of increased inventory. At the end of May, there
were 10,413 active listings, a 41.6% increase over a year
ago.
The number of new listings coming onto the market
surged earlier this spring, though new listing activity was
only up by 0.4% year-over-year in May.
