Washington D.C. Metro

Nov-23 | 
Home Demand Index: 57 | 
Tier: Limited

Metro Area Overview

The Bright MLS | T3 Home Demand Index for the Washington Metro area rose 14 percent in October to 57, a level consistent with Limited buyer demand. The Index was 37.4 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. | Nov-23

Home Demand Index

The Bright MLS | T3 Home Demand Index for the Washington Metro area rose 14 percent in October to 57, a level consistent with Limited buyer demand. The Index was 37.4 percent lower than one year earlier.
The Bright MLS | T3 Home Demand Index for all types of homes, except luxury condos, rose in October. The Index was up 16 percent for entry-level single-family homes and by a somewhat smaller percentage for mid-market single-family homes, entry-level condos and townhouses. Demand for luxury condos was down slightly. Buyer interest was strongest for luxury condos and weakest for entry level and mid-market single-family homes. The months supply of homes for sale was higher for each type of home. The available inventory ranged from 1.8 months supply for mid-market single-family homes to 4.6 months for luxury condos.
Monthly Statistics for Nov-23
Home Demand
Index
57
(Limited)
Home Demand Index
from prior month
50
Home Demand Index
from prior year
91
Index change
from prior month
14%
Index change from
same time last year
-37.4%
Bright MLS | T3 Home Demand Index

www.homedemandindex.com