A Tip of the Cap to Prince William County

Contract activity for April 27 – May 3 , 2025 in the Metro DC area was up 1.7% compared to the same seven-day period last year.

Key Takeaways

• Prince William County (PWC) contract activity was up 21.3% last week, and that was sufficient to carry what was otherwise a very flat week into positive territory.
• Other than PWC, the other 5 jurisdictions were – remarkable – almost unchanged. Northern Virginia was up just 1.8%, while the other four areas were down just a bit.
• Homes took a bit longer to sell than this time last year, an average of 25 days vs 22 days a year ago.

Why it Matters

• The wide disparity between the performance of more expensive homes vs entry-level continues. Last week, the number of contracts on homes priced under $750,000 was down 8.5%, while homes priced over that threshold were up 19.7%.
• The fact that mortgage rates ticked down about 10 basis points last week certainly helped.