.

Washington, DC Metro Housing Market Trends


The data demonstrates a consistent drop of 42% amongst closed sales, pending sales and showings.  This indicates a slowing of the housing market and the impact of the historical rise in interest rates during the calendar year of 2022 by the Federal Reserve.  The median days on market has risen but is still well under 30 days.  The amount of new listings is down as the market changes from a sellers market to a historical normal market with more balance amongst buyers and sellers.  The current housing supply is over one month and is up more than 50% approaching 1.5 months.