Washington, D.C. housing market leans seller as prices hold steady

"HW Data shows the Washington, D.C. housing market remains stable heading into mid-October, with modest sales volume and steady pricing. The District recorded 99 single-family home sales last week, reflecting a slower but consistent pace compared with early-year activity. The Market Action Index stood at 35.2, indicating a mild seller's market with demand slightly ahead of available supply. HW Data's Market Action Index measures the balance between supply and demand, with values above 30 indicating a seller's market."

"The D.C. area has 2.59 months of inventory, slightly higher than the national average and typical for fall. The median list price for absorbed homes was $825,000, with homes spending a median of 35 days on the marketfaster than most regional peers. That mix of stable pricing and quick turnover indicates a local market with enough buyer interest to keep homes moving without major price swings."

"The rental market remains a key part of the D.C. housing picture. HW Data shows 562 rental units listed last week with a median rent of $3,025. That's holding steady month over month, suggesting continued demand from professionals and government workers who value flexibility in a high-cost region. For real estate agents, D.C.'s market conditions favor accuracy over urgency. Listings priced correctly continue to move within a month, while over-ambitious pricing leads to extended days on market."

HW Data reports 99 single-family home sales last week in Washington, D.C., with a Market Action Index of 35.2, signifying a mild seller's market. The D.C. area holds 2.59 months of inventory and a median absorbed list price of $825,000, with homes spending a median of 35 days on market. Seventy-four new listings appeared last week at a median $811,000, and about 28% of active listings recorded price decreases, below neighboring state rates. The median price per square foot is roughly $418. Rental listings numbered 562 with median rent $3,025. Accurate pricing yields quicker sales while refinancing activity remains limited.

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