DC Housing Inventory Closes This Week: Altos Information

Weekly housing inventory ramps

What do we see in the data on the DC region? According to the report, the inventory levels were slightly higher during the week of February 28.

You will see that inventory and air conditioning are up to 3559 home, which is too high than the week. Inventory levels are also higher than Covid-19 inventory capabilities: In late February 2021, the inventory level was seated together 2414 single-family.

However, the date of the inventory is below average. For example, from 2015 to the end of 2019, inventory levels left 7,000 for single-family homes. In addition, the inventory level regularly rises to the ramp during this time of year.

New lists remain down until the owners are locked

The data for the new lists of Altos provides accounts for single-family houses that are immediately or without a waiting contract.

New lists for single family homes or condoms are the main indicators of vendor behavior and are new lists common in February 28 week. Again, it is the upper trend for this time of year. In total, 502 single-married homes appeared on the market with 457 condoms.

Compared to the past few years, new lists are relatively the same. At the same time, in 2024, 447 single-family lists were on the market. But new lists are lower than we have seen in the past few years.

What is the reason for this? Keeps locked as they want to catch monthly payments that they can separate low-house entrepreneurs. For example, in early May, 2022, the 30-year mortgage pace increased by 5.06% to the DC, 6.54% in the market was 1,674 new list, 6.54% 6.54%, the number of lists is 73% lower.

Seasonal, inventory and new lists generally increased in May, so it should work in the DC housing market for the next few months.

Home sales are under those waiting

Altos Weekly Waiting Contract Information Provides more information on the DC housing market trends. The last four weeks sold at home:

• Week of February 7: 596
• Week of February 14: 655
• Week of February 21: 596
• February 28: week of 598

A number of factors waiting for home sales can be affected by a weaker job market, due to the floors of the federal government. The lower part of the employees means less demand for the apartment potentially. Those waiting for home sales are lower than previous years. In April 2022, home sales were about 1000 waiting for 1000, which is higher than 400 to each other.

The price reduction rate continues a three-month reduction

Normally, it is associated to the sale of inventory for sale or a higher mortgage rate, but also to reduce the price more in the market. During the week, which began on February 28, the percentage of lists, which has reduced, fell slightly a week ago. The decline in the price has been declining since December 2024.

What's up for the DC market?

The DC housing market lives volatility due to changes in the state work caused by the workforce reduction and fired mandates. Inventory levels compared to the previous week were slightly at a high level. However, according to Altos data, new lists expected to reduce home sales and prices, are under expectations. Despite the difficulties facing the DC workforce, the DC housing market is not yet shown signs of stress.