DC Real Estate Market Weekly
How's the market? July 9 2025 Update.
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The Washington DC Market Is Seasonal
Traditionally, the DC real estate market starts to cool in early July. Sellers who waited until the school year ended to list their homes are seeing showing numbers falling off and the number of new contracts wane. The seasonal shift from spring to summer market is upon us.
Letâs take a look at the latest numbers:
Last week in the District of Columbia, the number of weekly showings continue their seasonal decline, but totals were higher than during the same period in 2024. New contracts fell off from the prior week's bump and median Days On Market remained flat. Median list price plummeted nearly $100k, suggesting a market shift to lower-priced homes. Price reductions on existing listings registered in the normal range after a spike last week, and the number of cancelled listings dropped marginally.
What To Expect Next Week
Fewer new listings are expected to enter the market the second week of July. During the next two weeks, listing agents will make a final push to sell existing listings before monthâs end.
August is historically a quiet month in the nationâs capital as legislators head to their home states and residents take vacations. Known as âthe black hole in the DC real estate calendar,â August is traditionally a time when agents pull listings from the market and plan relisting strategies for early fall.
đŹ For a comprehensive rundown on Washington DC real estate market data, and a breakdown on whatâs selling, whatâs sitting, and where leverage is shifting,
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