Washington D.C. Metro

August 2022 | 
Home Demand Index: 110 | 
Tier: Moderate

Metro Area Overview

Buyer demand for homes in the Washington Metro area fell in July according to the Bright MLS | T3 Home Demand Index. The Index, at 110, was down 8.3 percent over the month and 10.6 percent lower than one year earlier.
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. | August 2022

Home Demand Index

Buyer demand for homes in the Washington Metro area fell in July according to the Bright MLS | T3 Home Demand Index. The Index, at 110, was down 8.3 percent over the month and 10.6 percent lower than one year earlier.
Demand for all types of homes in the Washington Metro area fell over the month. The Index for higher-priced single-family homes and for higher-priced condos fell 13 percent over the month, more than any other segments of the market. Despite the declines, demand for homes in July was strongest in each of these segments with the Index remaining in the High range. Buyer interest was Limited for lower-priced single-family homes and Moderate for other segments of the market. The months supply of inventory rose for each market segment in July, marking the third consecutive month where the months supply increased for all types of Washington Metro area homes. Inventory levels ranged from a 1.6 months supply for mid-priced single-family homes to 3.3 months for higher-priced condos.
Monthly Statistics for August 2022
Home Demand
Index
110
(Moderate)
Home Demand Index
from prior month
120
Home Demand Index
from prior year
123
Index change
from prior month
-8.3%
Index change from
same time last year
-10.6%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com