Washington D.C. Metro

June 2024 | 
Home Demand Index: 84 | 
Tier: Slow

Metro Area Overview

The Home Demand Index (HDI) for this report period stands at 84, reflecting a slow pace of buyer interest in the overall market. This represents a decrease from last month’s index of 90 and is also lower than the index of 93 recorded one year ago. The downward trend indicates a softening in market conditions amidst evolving economic factors.
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. | June 2024

Home Demand Index

The Home Demand Index (HDI) for this report period stands at 84, reflecting a slow pace of buyer interest in the overall market. This represents a decrease from last month’s index of 90 and is also lower than the index of 93 recorded one year ago. The downward trend indicates a softening in market conditions amidst evolving economic factors.
During this report period, the Home Demand Index shows varied buyer interest across different home types. Demand for luxury single-family homes and condos remained robust, with these segments experiencing the highest levels of buyer activity. Despite strong demand, inventory levels remained constrained across all segments, leading to competitive market conditions.
Monthly Statistics for June 2024
Home Demand
Index
84
(Slow)
Home Demand Index
from prior month
90
Home Demand Index
from prior year
93
Index change
from prior month
-6.7%
Index change from
same time last year
-9.7%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com