Weekly Meter
DC / MD / VA / WV
We compare contract activity for the same seven-day period of the previous year in Loudoun County, Prince William County, Northern Virginia, Washington, DC, and Prince George's County. These statistics are updated on a weekly basis. Sign up for our newsletter on the latest market data.
November 17 – 23
| 2024 | 939 | 37.1 |
| 2023 | 724 | 37.4 |
| 2022 | 828 | 40.1 |
| 2021 | 1,427 | 31.4 |
| 2020 | 1,444 | 27.3 |
| 2019 | 1,254 | 43.1 |
It’s All About the Calendar
Contract activity for the week of November 17 - 23 , 2024 in the Metro DC area rose by 24.5% compared to the same seven-day period last year.
Key Takeaways
- That’s a big increase – but the calendar skewed the results.
- Last year, this date range included Thanksgiving, traditionally a slow time in the market. This year, no portion of the turkey day holidays were part of the results.
- Nonetheless, there were still over 900 newly ratified contracts, and that’s encouraging.
Why it Matters
- Once again, contract activity In every jurisdiction for homes priced under $750,000 under-performed higher priced homes.
- There is no doubt that entry-level priced homes are far more sensitive to stubbornly high mortgage rates than their more expensive counterparts.
Contract activity for the week of November 17 - 23 , 2024 in the Virginia Countryside and the West Virginia Panhandle area rose by 17% compared to the same seven-day period last year.
Key Takeaways
- That’s a sizeable increase – but the calendar skewed the results.
- Last year, this date range included Thanksgiving, traditionally a slow time in the market. This year, no portion of the Turkey Day holidays were part of the results.
- Nonetheless, there were still over 140 newly ratified contracts, and that’s encouraging.
Why it Matters
- Year-to-date, overall contract activity is up 16.2% in the Countryside market and is up 17.9% in the Panhandle.
November 17 – 23
| 2024 | 145 | 41.5 |
| 2023 | 121 | 38.5 |
| 2022 | 120 | 38.3 |
| 2021 | 196 | 26.1 |
| 2020 | 188 | 32.3 |
| 2019 | 164 | 66.1 |
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