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.
A Really “Off” Week
Contract activity in the Metro DC area from April 20 to 26, 2025, was down 22.4% compared to the same seven-day period last year.
Key Takeaways
- Candidly, we were pretty surprised to see an across-the-board drop in contract activity, with double-digit decreases in all six jurisdictions.
- Even though many private and parochial schools had their spring break last week, that alone would not account for these drops.
- Mortgage rates continue to be volatile, ticking up close to 7% last week. That didn’t help.
Why it Matters
- While there were still more than 1,000 homes that went under contract last week, it was a 17% drop from just one week before.
- We suspect this is really a “one-off” aberration, but we’ll be watching next week’s numbers very closely.
Last Week and Year-to-date Look the Same
Contract activity for April 20 - 26, 2025, in the Virginia Countryside and West Virginia Panhandle area was down 6.7% compared to the same seven-day period last year.
Key Takeaways
- The market continues to perk along at a bit of a slower pace than we’d like to see.
- Last week’s 182 newly ratified contracts in the Countryside and Panhandle represented a 6.7% drop from last year – and year-to-date activity combined for these two areas in off 6.9%.
- Mortgage rates continue to be volatile, ticking up close to 7% last week. That didn’t help
The Real Estate Details
- Virginia Countryside was down 11.1%, and is down 1.1% year-to-date.
- West Virginia Panhandle was down 3.4% and is down 10.0% 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
