1. Summary Snapshot

According to Bright MLS data for the week ending June 29, 2025, the Greater Washington D.C. region saw 1,862 new listings, reflecting a 7.6% increase year-over-year—though listings dipped 3.1% from the prior week. Meanwhile, pending contracts dropped ~3.0% year-over-year and declined 4.8% week-over-week, signaling growing buyer hesitation despite increased inventory.

2. Market Dynamics: More Listings, But Less Purchase Momentum

• New listings are rising, reflecting sellers entering the market amid stable pricing and demographic shifts—especially reduced federal employment and retiree activity.

• Buyer activity is cooling, with fewer contracts being signed, likely influenced by high mortgage rates, elevated prices, and economic uncertainty.

• This mismatch—higher inventory but slower demand—suggests broader buyer caution and an early-summer pause in decision-making.

3. Local Highlights from Northern Virginia & Maryland Counties

• Arlington continues to show robust demand despite high pricing.

• In contrast, Stafford is at risk of oversupply due to weak demand signals.

• Montgomery County remains relatively balanced, with stable contracts and strong showings.

4. Larger Trends & Forecast through 2025

• Bright MLS projects median sale prices to increase from approximately $609,700 in 2024 to $638,310 in 2025, a 4.7% rise.

• Home sales are projected to grow 7.9%, while inventory will rise by 14%—yet still remain below pre-pandemic levels.

• A recent Washington Post analysis indicated that in early 2025, the median price hit $597,000, growing a solid 6.6% year-over-year across the metro area.

• Top performers in price growth include Arlington County (+15.3%), Fairfax County (+8.9%), and Loudoun County (+9.3%). Meanwhile, Alexandria City and parts of Frederick County, MD saw price declines.

5. Smart Moves for Buyers & Sellers

For Sellers:

• Higher inventory means competition is rising—stand out quickly with professional market pricing and staging.

• Arlington and Fairfax remain strong markets; timing a summer listing there can attract serious buyers.

For Buyers:

• Mortgage rates, while high, have shown recent cooldown—act with financing pre‑approval in place.

• With fewer listings in especially high-demand areas, being ready to move quickly helps.

6. Final Takeaway

As of the week ending June 29, 2025, the D.C./Northern VA housing market is entering a transitional phase: inventory is growing, but buyer urgency is cooling. Prices remain elevated, and abundant seller activity hasn't yet translated to strong contract volume. The outlook into 2025 suggests modest price gains and gradual increases in both sales and inventory, but still below long-term norms—making understanding local micro‑markets more important than ever.

📌 Stay Tuned

For continued updates on your ZIP code or local area—whether you’re buying, selling, or just interested—contact us or sign up for the next free Seller Seminar, and let’s keep a close eye on this evolving market together.