March 2025 Report
Washington D.C. Metro
Washington D.C. | March 2025
Home Demand Index
The current Home Demand Index (HDI) stands at 74, an increase from last month’s 65 but slightly below the 76 recorded during the same period last year. The month-over-month rise suggests a rebound in buyer interest, while the slight year-over-year decline indicates relatively stable demand. However, low inventory levels continue to constrain buyer options and moderate overall market activity.
Demand for luxury single-family homes saw a sharp increase, rising to 89 from last month’s 63, indicating a significant shift in buyer interest. Mid-market single-family homes followed, reaching 61, up from 53 last month but down from 67 last year. The diverging trends across home segments suggest that mid-range and higher-end properties are experiencing stronger demand. This growth coincides with an increase in inventory compared to last month, potentially providing more options for buyers.
Monthly Statistics for March 2025
Home Demand
Index
Index
74
(Slow)
Home Demand Index
from prior month
from prior month
65
Home Demand Index
from prior year
from prior year
76
Index change
from prior month
from prior month
13.8%
Index change from
same time last year
same time last year
-2.6%
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | March 2025
Home Demand Index | Historical Year-over-Year Comparison
The Home Demand Index (HDI) for this report period is 74, reflecting a significant increase from last month’s 65 but slightly below last year’s index of 76. This suggests a rebound in buyer activity month-over-month, potentially due to seasonal market shifts or improved affordability. Despite the slight year-over-year decline, demand levels remain relatively stable, indicating consistent buyer interest across the market.
Home Demand Index
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | March 2025
Home Demand Map
Buyer demand has increased across most metro areas this report period, with notable improvements in both core and suburban regions. This broad-based recovery suggests renewed buyer interest, potentially driven by improved affordability and a more favorable economic outlook. While inventory shortages persist, the overall market is showing signs of stabilization with increased activity across multiple geographic areas.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | March 2025
Demand and Inventory by Home Type
Demand for luxury single-family homes saw a sharp increase, rising to 89 from last month’s 63, indicating a significant shift in buyer interest. Mid-market single-family homes followed, reaching 61, up from 53 last month but down from 67 last year. The diverging trends across home segments suggest that mid-range and higher-end properties are experiencing stronger demand. This growth coincides with an increase in inventory compared to last month, potentially providing more options for buyers.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | March 2025
Single Family Home Below $555k
The index for entry-level single-family homes is 67, up from 61 last month but slightly lower than last year’s 69. This increase from the previous month indicates a modest rise in buyer activity, though demand remains weaker than the same period last year. The category remains limited, with ongoing inventory shortages and affordability concerns continuing to influence market conditions.
Monthly Statistics for Single Family Home Below $555k
Home Demand
Index
Index
67
(Limited)
Home Demand Index
from prior month
from prior month
61
Home Demand Index
from prior year
from prior year
69
Months of
inventory
inventory
2.8
Average daily inventory last month
757
Inventory sold
last month
last month
269
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | March 2025
Single Family Home $555k - $1330k
The index for mid-range single-family homes stands at 61, up from 53 last month but down from 67 last year. The month-over-month increase suggests a slight rebound in buyer activity, while the year-over-year decline indicates a weakening in demand. Despite the recent decrease, the market for mid-range homes remains relatively stable, with consistent demand in this price range.
Monthly Statistics for Single Family Home $555k - $1330k
Home Demand
Index
Index
61
(Limited)
Home Demand Index
from prior month
from prior month
53
Home Demand Index
from prior year
from prior year
67
Months of
Inventory
Inventory
1.7
Average daily inventory last month
1,067
Inventory sold
last month
last month
645
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | March 2025
Single Family Home Above $1330k
The index for luxury single-family homes is at 89, up from 63 last month but lower than last year’s 100. The month-over-month increase suggests a recent boost in demand, while the year-over-year decline indicates softer market conditions compared to the same period last year. This shift may reflect market adjustments or seasonal trends affecting luxury home demand.
Monthly Statistics for Single Family Home Above $1330k
Home Demand
Index
Index
89
(Slow)
Home Demand Index
from prior month
from prior month
63
Home Demand Index
from prior year
from prior year
100
Months of
Inventory
Inventory
3.2
Average daily inventory last month
459
Inventory sold
last month
last month
142
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | March 2025
Condo Below $590k
The index for entry-level condos is at 98, up from 90 last month and 93 last year. The month-over-month increase indicates growing demand, while the year-over-year rise suggests sustained buyer interest in this segment. This upward trend may reflect stronger market conditions or increased affordability relative to other housing options, despite potential seasonal fluctuations.
Monthly Statistics for Condo Below $590k
Home Demand
Index
Index
98
(Steady)
Home Demand Index
from prior month
from prior month
90
Home Demand Index
from prior year
from prior year
93
Months of
Inventory
Inventory
3.8
Average daily inventory last month
1,743
Inventory sold
last month
last month
462
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | March 2025
Condo Above $590k
The index for luxury-level condos is at 121, up from 113 last month but slightly lower than last year’s 123. The month-over-month increase suggests a slight rebound in demand, while the year-over-year decline indicates a slowdown in luxury condo activity compared to the same period last year. This shift reflects a cooling in buyer interest, possibly due to market adjustments or affordability concerns.
Monthly Statistics for Condo Above $590k
Home Demand
Index
Index
121
(Moderate)
Home Demand Index
from prior month
from prior month
113
Home Demand Index
from prior year
from prior year
123
Months of
Inventory
Inventory
4.5
Average daily inventory last month
420
Inventory sold
last month
last month
93
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Washington D.C. | March 2025
Townhouse/Rowhouse/Twin All prices
Townhouse/
Rowhouse/Twin
All prices
The index for townhouses, rowhouses, and twins stands at 73, up from 66 last month but unchanged from last year’s 73. The month-over-month increase indicates a rebound in buyer interest, while the stable year-over-year figure suggests demand has held steady despite ongoing affordability challenges. Limited inventory and sustained buyer preferences for attached homes continue to support this segment.
Monthly Statistics for Townhouse/Rowhouse/TwinAll prices
Home Demand
Index
Index
73
(Slow)
Home Demand Index
from prior month
from prior month
66
Home Demand Index
from prior year
from prior year
73
Months of
Inventory
Inventory
2.3
Average daily inventory last month
1,931
Inventory sold
last month
last month
827
Bright MLS | T3 Home Demand Index
www.homedemandindex.com
Note
1. This report is generated with data from the following counties:
- 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;
2. This report is for the March 2025 period with data collected from the previous month.
Released: March 11, 2025
Reference ID: 2210
Washington D.C. | March 2025
Home Demand Map (Zip Codes)
Buyer demand has increased across most metro areas this report period, with notable improvements in both core and suburban regions. This broad-based recovery suggests renewed buyer interest, potentially driven by improved affordability and a more favorable economic outlook. While inventory shortages persist, the overall market is showing signs of stabilization with increased activity across multiple geographic areas.
Bright MLS | T3 Home Demand Index
www.homedemandindex.com