|The Bright MLS | T3 Home Demand Index for the Washington Metro area fell 8.2 percent in August to 101, reflecting a Steady pace of demand. The Index had been in the Moderate range for the previous five months and was slightly more than 17 percent lower than the same month 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.
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;
|Home Demand IndexThe Bright MLS | T3 Home Demand Index for the Washington Metro area fell 8.2 percent in August to 101, reflecting a Steady pace of demand. The Index had been in the Moderate range for the previous five months and was slightly more than 17 percent lower than the same month one year earlier.|
Demand for homes in August was strongest for higher-priced single-family homes and higher-priced condos each with an Index reading that remained in the High range. Buyer interest was Limited for lower-priced single-family homes and Steady for lower-priced condos and townhouses. Demand for all types of homes in the Washington Metro area was flat or fell over the month. The months supply of inventory fell for higher-priced condos and was flat or marginally higher for all other segments. Inventory levels ranged from a 1.7 months supply for mid-priced single-family homes to three months for higher-priced condos.
Home Demand Index | Historical Year-over-Year Comparison
Home Demand Map
Buyer interest in Arlington County and Alexandria City remained in the High range in August. Demand was Slow in Frederick County and Washington, DC and Steady in Montgomery and Prince Georges counties. The Index was in the High range in the Southern Maryland and Maryland-West Virginia Panhandle market areas and Steady in the North Central Virginia region. Across the Greater Washington area, demand in 40 percent of ZIP codes was in the High or Moderate category in August, compared with 46 percent the previous month. At the other end of the range, buyer interest in 31 percent of communities was Limited in August versus 25 percent in July.
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