Washington D.C. Metro

November 2021 | 
Home Demand Index: 127 | 
Tier: Moderate

Metro Area Overview

Demand for homes in the Washington Metro area eased in October. The Bright MLS | T3 Home Demand Index, at 127, reflected a Moderate level of buyer interest. The Index was slightly more than 12 percent below the level 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. | November 2021

Home Demand Index

Demand for homes in the Washington Metro area eased in October. The Bright MLS | T3 Home Demand Index, at 127, reflected a Moderate level of buyer interest. The Index was slightly more than 12 percent below the level one year earlier.
Demand was High for all types of homes except lower-priced single-family. Consistent with the past several months, buyer interest in lower-priced single-family homes was the weakest. Higher-priced single-family homes and higher-priced condos recorded the strongest demand. The Index for higher-priced single-family homes fell by 11 percent, while buyer interest in other market segments was essentially unchanged over the month. Inventory levels ranged from a 1.3 months supply for mid-priced single-family homes to a 4.6 months supply for higher-priced condos. The months’ supply was lower in each of the single-family segments and rose for higher-priced condos.
Monthly Statistics for November 2021
Home Demand
Index
127
(Moderate)
Home Demand Index
from prior month
129
Home Demand Index
from prior year
145
Index change
from prior month
-2.3%
Index change from
same time last year
-12.4%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com