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.
A Very Surprising Week
Contract activity for October 12 - 18, 2025 in the Metro DC area was up 4.6% compared to the same seven-day period last year.
Key Takeaways
- As the federal government shutdown drags into its fourth week, we expected a pretty sluggish week for new contract activity. Surprisingly, every jurisdiction except Washington, DC actually had increases.
- Granted, the increases were generally modest, but there were over 1,000 newly ratified contracts last week.
- Even Prince George’s County was up – the second weekly increase in a month. Year-to-date, PG is still the weakest area.
- Washington, DC was down 7.8%.
Why It Matters
- The lowest mortgage interest rates in over a year may have played a positive role in the modest bump in contracts, but that impact is muted because of the shutdown.
- On average, homes took 13 days longer to sell last week (46 days) than last year (33 days).
- Another indication of the shifting market is price reductions on active listings. Every jurisdiction now has in excess of 40% of its inventory with at least one price reduction. That’s at least 10% more than average.
Tough Week
Contract activity for the week of October 12 - 18, 2025 in the Virginia Countryside and West Virginia Panhandle area was down 14% compared to the same seven-day period last year.
Key Takeaways
- Generally, these more rural areas of the DC Metro area have fared better than the more urban areas this year. That was not the case this past week.
- The Countryside (Shenandoah, Fauquier, Warren, Clarke and Frederick Counties and Winchester City) had 14.9% fewer new contracts last week, and the West Virginia Panhandle (Morgan, Jefferson and Berkeley Counties) had a 12.9% decline.
Why It Matters
- The lowest mortgage interest rates in over a year weren’t enough to spur more buyer into action.
- The good news is that average days on market for homes going under contract is holding steady at 45 days, the same as this week last year. In the immediate metro area, time on market rose by 13 days.
The Real Estate Details
- Virginia Countryside was down 14.9%, but is up 4.4% year-to-date.
- West Virginia Panhandle was down 12.9% and is down 4.6% year-to-date.
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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
