Washington D.C. Metro

December 2024 | 
Home Demand Index: 68 | 
Tier: Limited

Metro Area Overview

The Home Demand Index (HDI) for this report period is 68, reflecting a decrease from last month’s 71 but an improvement over last year’s index of 57. This trend indicates a slight cooling in market conditions month-over-month while maintaining steady year-over-year demand growth. The stability highlights consistent buyer interest despite broader economic pressures.
The market trend line, below, provides a high-level monthly overview of the Home Demand Index for each of the metro market areas within the Greater Washington D.C. Metro Area. The Home Demand Index is baselined at 100, with 90-110 indicating a steady market. Index values above 110 indicate moderate and high activity while Index values below 90 indicate slower or limited activity. For more information for a given period of time, click on any point on the map to pull up the monthly report.
Metro Market Trend Data by Bright MLS | T3 Home Demand Index
Each of the market areas listed above are defined as follows:
  • Maryland-West Virginia Panhandle – Allegany, MD; Berkeley, WV; Garrett, MD; Grant, WV; Hampshire, WV; Hardy, WV; Jefferson, WV; Mineral, WV; Morgan, WV; Pendleton, WV; Washington, MD;
  • North Central Virginia – Caroline, VA; Clarke, VA; Culpeper, VA; Fauquier, VA; Frederick, VA; Fredericksburg City, VA; King George, VA; Madison, VA; Manassas City, VA; Orange, VA; Page, VA; Prince William, VA; Rappahannock, VA; Shenandoah, VA; Spotsylvania, VA; Stafford, VA; Warren, VA; Winchester City, VA;
  • Southern Maryland – Calvert, MD; Charles, MD; Saint Marys, MD;
  • Washington D.C. Metro – Alexandria City, VA; Arlington, VA; Fairfax, VA; Falls Church City, VA; Frederick, MD; Loudoun, VA; Montgomery, MD; Prince Georges, MD; Washington, DC;

Washington D.C. | December 2024

Home Demand Index

VIEW DETAILS
The Home Demand Index (HDI) for this report period is 68, reflecting a decrease from last month’s 71 but an improvement over last year’s index of 57. This trend indicates a slight cooling in market conditions month-over-month while maintaining steady year-over-year demand growth. The stability highlights consistent buyer interest despite broader economic pressures.
Demand for entry-level single-family homes remained stable, with the index slightly increasing to 67 from last month’s 66 and up from last year’s 61. In contrast, luxury single-family homes experienced the largest decline during this period, with the index at 61 compared to last month’s 75 and last year’s 63. These shifts indicate heightened market activity in the entry-level homes segment, while the luxury homes segment faces reduced demand.
Monthly Statistics for December 2024
Home Demand
Index
68
(Limited)
Home Demand Index
from prior month
71
Home Demand Index
from prior year
57
Index change
from prior month
-4.2%
Index change from
same time last year
19.3%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com