Resources & Guides

Weekly Market Report for week ending October 9, 2022

October 12, 2022
Resources & Guides

Weekly Market Report for week ending October 9, 2022

October 12, 2022
Resources & Guides

Weekly Market Report for week ending October 9, 2022

October 12, 2022
Resources & Guides

Weekly Market Report for week ending October 9, 2022

October 12, 2022

Snapshot of Market Activity in the Greater Washington D.C. Area

Week Ending October 9, 2022

In the District of Columbia-
New homes for sale are down 24.8% compared to a year ago 
Closed sales are down 11.4% compared to a year ago
New contracts (homes pending or active under contract) are at 63.9% of the same week in October 2021
In Maryland 
New homes for sale are down 25.6% compared to a year ago
Closed sales are down 25.1% compared to a year ago
New contracts (homes pending or active under contract) are at 63.1% of the same week in October 2021
In Virginia
New homes for sale are down 28.8% compared to a year ago
Closed sales are down 28.5% compared to a year ago
New contracts (homes pending or active under contract) are at 56.2% of the same week in October 2021

What does the housing market data indicate?

  • It appears Sellers are assessing market conditions as we head into the winter housing market. 
  • Homes for sale are typically going under contract within two weeks of going active
  • Buyers are finding less competition for properties overall however, in some neighborhoods in the District, Maryland & Virginia, sellers are receiving multiple offers. 
This market information is brought to you by Bright MLS and economist Lisa Sturtevant, PhD
For a complete analysis of market conditions from the week ending October 9th, 2022, click here. 

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How can we help?

The exclusive buyer agents at HomeBuyer Brokerage specialize in serving home buyers. Please reach out with questions at info@homebuyerbrokerage.com.

Weekly Market Report for week ending October 9, 2022

By
October 12, 2022
Weekly Market Report for week ending October 9, 2022
Weekly Market Report for week ending October 9, 2022
Weekly Market Report for week ending October 9, 2022
Weekly Market Report for week ending October 9, 2022

Snapshot of Market Activity in the Greater Washington D.C. Area

Week Ending October 9, 2022

In the District of Columbia-
New homes for sale are down 24.8% compared to a year ago 
Closed sales are down 11.4% compared to a year ago
New contracts (homes pending or active under contract) are at 63.9% of the same week in October 2021
In Maryland 
New homes for sale are down 25.6% compared to a year ago
Closed sales are down 25.1% compared to a year ago
New contracts (homes pending or active under contract) are at 63.1% of the same week in October 2021
In Virginia
New homes for sale are down 28.8% compared to a year ago
Closed sales are down 28.5% compared to a year ago
New contracts (homes pending or active under contract) are at 56.2% of the same week in October 2021

What does the housing market data indicate?

  • It appears Sellers are assessing market conditions as we head into the winter housing market. 
  • Homes for sale are typically going under contract within two weeks of going active
  • Buyers are finding less competition for properties overall however, in some neighborhoods in the District, Maryland & Virginia, sellers are receiving multiple offers. 
This market information is brought to you by Bright MLS and economist Lisa Sturtevant, PhD
For a complete analysis of market conditions from the week ending October 9th, 2022, click here. 

You may download the PDF by clicking here.
Request More Information

We will not share your information with anyone....

First Name*
Last Name*
Email*
Click here to view content
Oops! Something went wrong while submitting the form.

Thank you for requesting more information...

We value and protect your privacy and will never share your contact information with anyone else.

You may also download the PDF here.

How can we help?

The exclusive buyer agents at HomeBuyer Brokerage specialize in serving home buyers. Please reach out with questions at info@homebuyerbrokerage.com.

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