Home Demand Map
| Demand for homes is strongest in Arlington County and Alexandria City, both categorized as “Moderate,” indicating robust buyer interest. In contrast, Fairfax City, Montgomery, and Frederick counties experienced “Limited” buyer interest, while other areas showed “Slow” activity levels. The Maryland-West Virginia Panhandle saw demand improve to “Moderate,” reflecting a healthy level of buyer engagement, while Southern Maryland maintained “Steady” demand, indicative of a stable market. |
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Home Demand Index
| The Home Demand Index (HDI) for this report period stands at 77, which is unchanged from last year’s level but reflects a slight decline from last month’s 81. This trend suggests a softening of market conditions consistent with broader economic challenges impacting buyer activity. The year-over-year stability indicates that while demand remains subdued, it is not significantly worsening compared to last year.The demand for single-family homes across various price points reflects a softening market trend, with entry-level and mid-range single-family homes both experiencing declines in buyer interest. Luxury single-family homes show a similar downward trend, albeit from a higher base of demand. Meanwhile, the condo market exhibits a relatively stable demand with minor fluctuations, and inventory levels remain constrained across all segments, maintaining a competitive market environment. |
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Home Demand Index | Historical Year-over-Year Comparison
| The HDI shows that the market conditions have remained stable over the past year, with this month’s index at 77, identical to the same period last year but down from last month’s 81. This steady year-over-year performance suggests a market that is holding its ground amid broader economic pressures. However, the month-over-month decline reflects continued softness in buyer interest. |
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Demand and Inventory by Home Type
| The demand for single-family homes across various price points reflects a softening market trend, with entry-level and mid-range single-family homes both experiencing declines in buyer interest. Luxury single-family homes show a similar downward trend, albeit from a higher base of demand. Meanwhile, the condo market exhibits a relatively stable demand with minor fluctuations, and inventory levels remain constrained across all segments, maintaining a competitive market environment. |
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