T
he DMV housing market is expected to see an uptick in sales and inventory next year, according to Bright MLS' 2025 housing market outlook. However, this growth will likely come with higher prices.
Mortgage rates are forecasted to drop, prompting more sellers to list their homes as they wait for lower rates. This, combined with pent-up demand from buyers who have been waiting for a rate decrease, means home prices will remain high.
One factor driving increased sales activity is workers moving closer to offices as companies transition back to in-person work. Local employers like Amazon and The Post are among those calling for employees to return to the office five days a week.
The numbers paint a picture of growth: median home sale prices are expected to jump 4.7% from $609,700 in 2024 to $638,310 in 2025, while home sales increase by 7.9% and end-of-year active listings rise by 14%.
Despite this growth, the DMV's forecasted end-of-year housing supply remains below pre-COVID levels, as do anticipated home sales for both years. The market will be closely watched for signs of volatility in mortgage rates and potential economic uncertainty that could impact the market.
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