Market in a Minute & StatPak
June 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 digestible 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 May 2025 was up 4.0% from May 2024 and was up in three out of six price categories. Through the first five months of the year, contract activity is down 3.2%. The average number of days on the market for homes receiving contracts was 55 days in May 2025, up from 49 days in May 2024.
Contract activity in May 2025 was up 5.2% from May 2024 and was up in five price categories. Through the first five months of the year, contract activity is down 2.1%. The average number of days on the market for homes receiving contracts was 24 days in May 2025, up from 18 days last May.
Contract activity in May 2025 was down just 0.2% from May 2024 and was down for four out of five price categories. Through the first five months of the year, contract activity is down 10.2%. The average number of days on the market for homes receiving contracts was 38 days in May 2025, up from 29 days in May 2024.
Contract activity in May 2025 was up 9.9% from May 2024 and was up for five price categories. Through the first five months of the year, contract activity is down just 0.4%. The average number of days on the market for homes receiving contracts was 23 days in May 2025, up from 17 days last May.
Contract activity in May 2025 was up just 0.8% from last May and was up for two price categories. Through the first five months of the year, contract activity is up 6.0%. The average number of days on the market for homes receiving contracts was 23 days in May 2025, up from 21 days last May.
Contract activity in May 2025 was down just 0.4% from last May but was up for four price categories. Through the first five months of the year, contract activity is down 3.2%. The average number of days on the market for homes receiving contracts was 39 days in May 2025, up from 30 days last May.
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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
