Hey friends—welcome to your April 2025 Housing Market Update for the DC Metro Area. We’re here to break down the latest trends, explain what they mean for buyers, sellers, and investors, and help you build a smart strategy for your next move.
Let’s dive in.

Inventory levels continue to rise. Active listings were up again this past month—now sitting 40–50% higher than they were in April last year.
But here’s the context: inventory has been extremely low for years, and even with this increase, we’re still well below historical norms.
So yes—more homes are hitting the market, but not enough to fully balance things out.

You might expect that more inventory would cool off prices—but so far, that hasn’t happened. Average sales prices ticked up again, especially for detached homes, which hit a new record.
The average sales price for a detached home in the DC Metro reached $1,005,000 in March—an 8% increase year over year.

The number of new listings is increasing both month-over-month and year-over-year.
Sellers are listing at higher levels than we’ve seen in recent years, likely influenced by some uncertainty surrounding DOGE-related cuts.

Closings are beginning to pick up but are still slightly below where we were this time last year.
That’s no surprise—fewer listings earlier in the year are now showing up in the sold data.

So yes, inventory is rising—which is good news for buyers—but not by enough to change the pricing picture.
The story remains the same:
• Single-family homes and townhomes = seller’s market
• Suburban condos = steady
• DC condos = still struggling

We’ve been saying it for months—DC condos are oversupplied and firmly in a buyer’s market.
After a hopeful dip in December, inventory surged again in Q1. If you’re looking for a deal, this could be a prime opportunity for savvy condo buyers.

 

Median days on market are holding steady—competitive, but not chaotic.
Homes that are priced right and presented well are still moving quickly, especially single-family homes in close-in suburbs.

Sales prices are hovering around 100% of list price for single-family homes and townhomes.
Condos are trending slightly below, especially in DC, where sellers are seeing more negotiation.

If You’re a Buyer:
More listings = more options—but with inventory still tight, you need to move quickly

  • Keep an eye on inventory: if it continues to rise, we could see a shift toward a buyer’s market—especially if the stock market weakens
  • Mortgage rates are expected to stay flat or drop slightly—get pre-approved now before the next buyer wave hits

If You’re a Seller:
Low inventory still gives you the edge—especially for single-family homes

  • Want to sell in May or June? Start preparing now
  • Pricing and presentation are EVERYTHING. Don’t wing it—call us so we can help you position your home to get top dollar and the best terms

If You’re an Investor:

  • Deals are limited right now—but rental demand remains strong due to low inventory and high interest rates
  • If you’re a buy-and-hold investor, keep an eye on DC condos—there may be some solid opportunities there

So that’s it for this month, we hope you have a great one, and keep an eye out for an invitation to my birthday happy hour. It’s one of my favorite things to do where I’m buying drinks and cupcakes, and we’d love to see you there. If you have any questions related to real estate, don’t hesitate to give us a call. We are here for you and the people that you care about, and we want to take care of you. Have a great month!