Washington D.C. Metro

November 2024 | 
Home Demand Index: 69 | 
Tier: Limited

Metro Area Overview

The Home Demand Index (HDI) for this report period stands at 69, reflecting a decrease from last month’s 87 but an increase over last year’s index of 58. This shift indicates a softening of market conditions month-over-month, while demand remains slightly improved compared to the previous year. Overall, the year-over-year gain suggests buyer interest is steady despite recent economic adjustments.
The market trend line, below, provides a high-level monthly overview of the Home Demand Index for each of the metro market areas within the Greater Washington D.C. Metro Area. The Home Demand Index is baselined at 100, with 90-110 indicating a steady market. Index values above 110 indicate moderate and high activity while Index values below 90 indicate slower or limited activity. For more information for a given period of time, click on any point on the map to pull up the monthly report.
Metro Market Trend Data by Bright MLS | T3 Home Demand Index
Each of the market areas listed above are defined as follows:
  • Maryland-West Virginia Panhandle – Allegany, MD; Berkeley, WV; Garrett, MD; Grant, WV; Hampshire, WV; Hardy, WV; Jefferson, WV; Mineral, WV; Morgan, WV; Pendleton, WV; Washington, MD;
  • North Central Virginia – Caroline, VA; Clarke, VA; Culpeper, VA; Fauquier, VA; Frederick, VA; Fredericksburg City, VA; King George, VA; Madison, VA; Manassas City, VA; Orange, VA; Page, VA; Prince William, VA; Rappahannock, VA; Shenandoah, VA; Spotsylvania, VA; Stafford, VA; Warren, VA; Winchester City, VA;
  • Southern Maryland – Calvert, MD; Charles, MD; Saint Marys, MD;
  • Washington D.C. Metro – Alexandria City, VA; Arlington, VA; Fairfax, VA; Falls Church City, VA; Frederick, MD; Loudoun, VA; Montgomery, MD; Prince Georges, MD; Washington, DC;

Washington D.C. | November 2024

Home Demand Index

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The Home Demand Index (HDI) for this report period stands at 69, reflecting a decrease from last month’s 87 but an increase over last year’s index of 58. This shift indicates a softening of market conditions month-over-month, while demand remains slightly improved compared to the previous year. Overall, the year-over-year gain suggests buyer interest is steady despite recent economic adjustments.
Inventory levels have decreased across all home types, while sales activity has increased, indicating a growing demand that is outpacing supply. Demand for luxury condos has shifted from moderate to steady, reflecting consistent interest in the high-end market segment. This trend suggests that buyers are willing to invest in luxury condos, signaling confidence in the luxury market’s resilience amid changing economic conditions.
Monthly Statistics for November 2024
Home Demand
Index
69
(Limited)
Home Demand Index
from prior month
87
Home Demand Index
from prior year
58
Index change
from prior month
-20.7%
Index change from
same time last year
19%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com