The Washington, D.C., metropolitan area is experiencing a significant increase in home inventory. Active listings last week were up 56% compared to the same week last year. This surge began accelerating in January and February, with inventory gains of 35.9% and 41% year over year, respectively. From June to December, inventory was already 20% to 30% higher than the previous year. New listings in the D.C. area were 24% higher year over year last week, contributing to the overall increase in for-sale inventory. Year to date, new listings are 11.9% above last year’s level but still 12.8% below 2022 figures. Nationally, active listings were up 28% last week compared to the same week in 2024. The median list price in the D.C. metro area dropped 1.6% year over year last week, while nationally, it fell by 0.2%. However, when controlling for home size, the median list price per square foot increased by 1.2% annually.
The Kobeissi Letter
@KobeissiLetter
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Feb 20 BREAKING: There are now 9 times more new homes for sale than the average number of homes sold per month, the highest since 2022, per Reventure.
In other words, it would take 9 months for current inventory of new homes on the market to sell given the current sales pace.
This
Mike Simonsen
@mikesimonsen
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Mar 10 4/ NEW LISTINGS
Nice jump in the new listings volume this week to 64,000 single family + another 12,000 immediate sales. 76,000 total home sellers in the week.
Just fractionally more than a year ago, and the most new listings since September. Still need more sellers!
Scott Ingram REALTOR®
@areacode416
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Mar 12 Houses climbed by just over 50 units on market. But we’re entering the “spring market” so that’s not unusual. Not at all-time highs for listings, but certainly more than in the recent house-hoarding era. /2
My State MLS
@mystatemls
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Mar 12 Americans looking to buy a home in certain US cities might be pleasantly surprised to find the tide is shifting their way this spring after years of challenging affordability.
There were 3.7 months of for-sale supply on the market in January, the most in six years. That means
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