Housing Market Update February 2025
Washington D.C. metro area new pending sales dropped 9.5% year-over-year with 3,485 contracts in February 2025. This is the slowest pace of February contract activity since 2008.
Home sales are generally lower because new listings continue to lag behind the pace of demand. Listings were down 2.6% compared to a year ago.
At the end of February, The number of homes for sale increased about 30% year over year. Although inventory has expanded across housing types, only condo active listings have recovered compared to their pre-2020 levels.
The median sold price in February 2025 was $597,000, a 6.6% increase compared to last year. Prices have risen about 40% over five years in the Washington D.C. metro area.
By Dan Krell
Copyright © 2025
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