Market in a Minute & StatPak May 2025
We profile the most important market indicators every month - contract activity, interest rates, inventory, affordability, and direction of the market - in an easy-to-read and digest summary. It's not just the numbers; it provides context to understand why the numbers are important and what they mean for the future of the market. Published for Washington, DC, Montgomery County, Prince George's County, Northern Virginia, Loudoun County, and the Virginia Countryside. A quick summary of last month's contract activity is shown below. To see the complete "Market in a Minute" reports for each jurisdiction we cover, click on the corresponding links.
What's the Urgency Index?
This is simply the measure of the percentage of homes going under contract that were on the market 30 days or less, giving a sense of how quickly buyers feel they must act to put an offer on a home. To see your market's Urgency Index click the link to view the full report.
Contract activity in April 2025 was down 6.3% from April 2024 and was down in five out of six price categories. Through the first four months of the year, contract activity is down 5.2%. The average number of days on the market for homes receiving contracts was 54 days in April 2025, up from 44 days in April 2024.
Contract activity in April 2025 was down 10.3% from April 2024 and was down in all six price categories. Through the first four months of the year, contract activity is down 4.4%. The average number of days on the market for homes receiving contracts was 24 days in April 2025, up from 18 days last April.
Contract activity in April 2025 was down 10.6% from April 2024 and was down for three out of five price categories. Through the first four months of the year, contract activity is down 12.8%. The average number of days on the market for homes receiving contracts was 36 days in April 2025, up from 31 days in April 2024.
Contract activity in April 2025 was down 5.8% from April 2024 and was down for four price categories. Through the first four months of the year, contract activity is down 3.5%. The average number of days on the market for homes receiving contracts was 19 days in April 2025, up from 16 days last April.
Contract activity in April 2025 was down just 0.8% from last April and was down for four price categories. Through the first four months of the year, contract activity is up 7.6%. The average number of days on the market for homes receiving contracts was 22 days in April 2025, up from 19 days last April.
Contract activity in April 2025 was up 7.9% from last April and was up for four price categories. Through the first four months of the year, contract activity is down 4.0%. The average number of days on the market for homes receiving contracts was 39 days in April 2025, up from 32 days last April.
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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
