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.
There Must Be Something in the Water in Loudoun County!
Contract activity for March 2 - 8, 2025, in the Metro DC area was down 6.9% compared to the same seven-day period last year.
Key Takeaways
- For the third straight week, Loudoun County was the only one of the six jurisdictions we track with an increase in the number of newly ratified contracts, up 13.4%. Year-to-date, Loudoun is down just 1.9%
- While the other five areas saw a drop in contract activity, the percentage drops were less than the previous week, and for the first time this year, there were over 1,000 newly ratified contracts in the metro area.
Why it Matters
- Mortgage interest rates were down for the second consecutive week, perhaps giving purchasers a bit more incentive to get off the fence.
- Homes took a bit longer to go under contract last week (an average of 29 days) compared to a year ago (an average 24.6 days)
- Last week and year-to-date, and in all six jurisdictions, homes priced over $750,000 are faring better than those in lower price categories that are more sensitive to interest rates.
- Through the first 11 weeks of the year, the number of contracts on homes priced under $750,000 is off 13.3%, while activity on homes priced over $750,000 is unchanged.
A Little Better This Week than the Week Before
Contract activity for March 2 - 8, 2025, in the Virginia Countryside and West Virginia Panhandle area was down 4.3% compared to the same seven-day period last year.
Key Takeaways
- The week-to-week numbers vary considerably because we’re typically dealing with fewer than 100 contracts per week – so the percentage swings can look pretty big with the difference of only a few contracts. It was a quiet week in the Virginia Countryside, with just 56 homes going under contract. That translates into a 40% drop in contract activity. The previous week, activity was up 4.2% on 75 contracts, so the weekly percentage swings are big because the absolute numbers are small.
- In last week’s report, the West Virginia Panhandle was up considerably, while Countryside was off 40%. Well, they flipped this week, with the Countryside market up 7% and the Panhandle off 14.1%.
Why it Matters
- These outer markets don’t seem to be impacted by the climate of uncertainty in the immediate metro DC area.
- And despite the big weekly swings, the year-to-date performance of these markets is very similar.
The Real Estate Details
- Virginia Countryside was up 7.0%, and is down 11.8% year-to-date
- West Virginia Panhandle was down 14.1% and is down 9.2% 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
