Market in a Minute & StatPak March 2025
We profile the most important market indicators every month - contract activity, interest rates, inventory, affordability, and direction of the market - in an easy-to-read and digest summary. It's not just the numbers; it provides context to understand why the numbers are important and what they mean for the future of the market. Published for Washington, DC, Montgomery County, Prince George's County, Northern Virginia, Loudoun County, and the Virginia Countryside. A quick summary of last month's contract activity is shown below. To see the complete "Market in a Minute" reports for each jurisdiction we cover, click on the corresponding links.
What's the Urgency Index?
This is simply the measure of the percentage of homes going under contract that were on the market 30 days or less, giving a sense of how quickly buyers feel they must act to put an offer on a home. To see your market's Urgency Index click the link to view the full report.
Contract activity in February 2025 was down 14.1% from February 2024 and was down in five out of six price categories. Through the first two months of the year, contract activity is down 4.4%. The average number of days on the market for homes receiving contracts was 85 days in February 2025, up from 55 days in February 2024.
Contract activity in February 2025 was down 6.8% from February 2024 and was down in five out of six price categories. Through the first two months of the year, contract activity is down 0.8%. The average number of days on the market for homes receiving contracts was 30 days in February 2025, up from 28 days last February.
Contract activity in February 2025 was down 23.3% from February 2024 and was down for four out of five price categories. Through the first two months of the year, contract activity is down 19.9%. The average number of days on the market for homes receiving contracts was 39 days in February 2025, up from 38 days in February 2024.
Contract activity in February 2025 was down 6.4% from February 2024 and was down for four price categories. Through the first two months of the year, contract activity is down 8.0%. The average number of days on the market for homes receiving contracts was 26 days in February 2025, up from 25 days last February.
Contract activity in February 2025 was up 16.6% from last February and was up for four price categories. Through the first two months of the year, contract activity is up 4.0%. The average number of days on the market for homes receiving contracts was 27 days in February 2025, the same as last February.
Contract activity in February 2025 was down 13.0% from last February and was down for three price categories. Through the first two months of the year, contract activity is down 13.2%. The average number of days on the market for homes receiving contracts was 57 days in February 2025, up from 48 days last February.
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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
