A study from Homes.com found that the Washington D.C. housing market has remained on par with national trends

Charts linked here.

ARLINGTON, Va., April 30, 2025--(BUSINESS WIRE)--Homes.com, a CoStar Group leading online residential marketplace, today released a new exclusive report providing an update on home buying and selling market trends in Washington, D.C., and the surrounding markets in Maryland and Virginia following the first 100 days of President Donald Trump’s administration.

The Homes.com analysis found that the housing market in Washington, D.C., and the surrounding markets in Maryland and Virginia has followed roughly the same trajectory during President Trump’s first 100 days as it did during the same period in 2024. This supports the data Homes.com released in February following federal work cuts in the region.

As of April 13, houses remained on the market for an average of 90 days in the D.C.-Maryland-Virginia (DMV) and for 95 days in Washington D.C. specifically, compared to 100 days and 95 days, respectively, the year before. According to Homes.com, active listings in the area have increased slightly, but remain on par with national trends. In the DMV, the report found that the median sold price for a home is $595,000, up from last year’s $575,000, and properties are selling above asking.

Despite economic turbulence over the last 100 days, the luxury housing market in Washington, D.C., and the surrounding markets in Maryland and Virginia are seeing strong momentum, with many homebuyers purchasing their properties in cash to avoid mortgage rates and other factors of the home buying process. According to Homes.com, as of April 28, there were more than 400 properties priced at $3 million or more in Washington, D.C., and the surrounding markets in Maryland and Virginia that are publicly for sale, pending contract, or under contract.

Insight from Homes.com noted that while housing market data in Washington D.C. and the surrounding markets in Maryland and Virginia is on par with national trends, a look across neighborhoods and price ranges reveals that buyers and sellers are reacting to the first 100 days of the Trump administration in different ways. Some agents told Homes.com that the signs this spring are optimistic, while others referred to April as a "whiplash" in terms of mortgage rates. Homes.com learned that as of April 10, the average 30-year, fixed-rate mortgage was 6.62% – the lowest average since December – it later increased to 6.83%, a rate that is sidelining buyers.

The data shared in this report could change slightly once all home sales are accounted for and more policies and decisions continue to take shape over the next few months.

Melina Duggal, Senior Director of Market Analytics at CoStar Group and Homes.com, is available for interviews to provide insights on this data and the residential real estate market in general. For more information and insight on the latest home buying and selling market trends visit: Homes.com/news.

About Homes.com

Homes.com is the fastest-growing residential real estate marketplace and the second largest portal in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 58% more listings* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 104 million average monthly unique visitors in the first quarter ending March 31, 2025.** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com.

*Based on internal analyses comparing Members to non-Members on Homes.com.

** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors for the quarter ended March 31, 2025, according to Google Analytics.

About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250430226024/en/

Contacts

News Media
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costargroup.com