Washington D.C. Metro

May 2022 | 
Home Demand Index: 126 | 
Tier: Moderate

Metro Area Overview

The Bright MLS | T3 Home Demand Index rose five percent to 126 reflecting a Moderate pace of demand for Washington Metro area homes. The Index has risen for four months in a row following a seasonal lower in December.
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. | May 2022

Home Demand Index

The Bright MLS | T3 Home Demand Index rose five percent to 126 reflecting a Moderate pace of demand for Washington Metro area homes. The Index has risen for four months in a row following a seasonal lower in December.
Demand rose for all types of homes, except lower-priced single-family, with the greatest increase in buyer interest in higher-price single-family homes. Inventory conditions changed little over the month. The months supply ranged from 0.8 months supply for mid-priced single-family homes to 1.9 months supply for higher-priced condos.
Monthly Statistics for May 2022
Home Demand
Index
126
(Moderate)
Home Demand Index
from prior month
120
Home Demand Index
from prior year
158
Index change
from prior month
5%
Index change from
same time last year
-20.3%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com