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.
Not Bad at All, Especially Considering the Calendar
Contract activity for May 18 - 24, 2025 in the Metro DC area was down 2.9% compared to the same seven-day period last year.
Key Takeaways
- The calendar played a big role in the modest weekly drop. Last year, Memorial Day was on May 27, so the seven-day period covered in last year’s numbers did not include any portion of the long holiday weekend.
- Even though this week-over-year drop interrupted three consecutive weeks of increases, two of the six areas still posted increases.
- On top of that, mortgage interest rates ticked up slightly from just a week before, getting even closer to the 7% mark – yet there were more contracts last week than just one week prior.
Why It Matters
- While we expect to see week-to-week variances, there are two common themes we have seen throughout 2025 compared to 2024.
- Homes are taking about a week longer to sell, on average, than a year ago.
- Contract activity on entry-level priced homes is still hampered by high interest rates, with homes priced under $750,000 down. 6.9% year-to-date. Activity on homes priced above that mark is up 5% YTD.
A Great Week, Especially Considering the Calendar
Contract activity for May 18 - 24, 2025 in the Virginia Countryside and West Virginia Panhandle area was up 11.8% compared to the same seven-day period last year.
Key Takeaways
- The calendar played a role in this week’s report. Last year, Memorial Day was on May 27, so the seven-day period covered in last year’s numbers did not include any portion of the long holiday weekend.
- Despite that, the West Virginia Panhandle market (Jefferson, Morgan and Berkely counties) had a big week, with a 32.1% increase in the number of newly-ratified contracts.
- The six jurisdictions in the Virginia Countryside market (Fauquier, Shenandoah, Warren, Clarke and Frederick counties + Winchester City) were off a very modest 2.8%.
Why It Matters
- While we expect to see big week-to-week variances, there are two common themes we have seen throughout 2025 compared to 2024.
- Homes are taking about a week longer to sell, on average, than a year ago.
- Contract activity on entry-level priced homes is still hampered by high interest rates, with homes priced under $750,000 down 6.0% year-to-date. Activity on homes priced above that mark is up 33% YTD.
The Real Estate Details
- Virginia Countryside was down 2.8%, and is unchanged year-to-date.
- West Virginia Panhandle was up 32.1% and is down 7.6% year-to-date.
And a special thanks to all who are serving or who had served this great nation! With deep appreciation, we wish you a wonderful Memorial Day!
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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
