It’s official: the real estate market is normal again.
Not “2021 bidding-war” normal or “pandemic panic” normal—just 2019 normal. And that’s a good thing.
After five years of extremes—record-low rates, media hype, and buyer frenzy—the Washington area market has reset. It’s healthier, steadier, and yes, still competitive.
Back to 2019
Inventory tells the story.
- June 2019: 2,880 homes for sale.
- May 2022: record low of 1,764.
- June 2025: back up to 2,512.
Almost full circle.
Same with supply:
- 2019: 1.22 months of inventory.
- 2022: 1.03 months.
- 2025: 1.84 months.
Still a seller’s market (below 3.5 months), but no longer a sprint.
Days on market echo the trend:
- 2019: 28 days.
- 2022: 12 days.
- 2025: 20 days.
Homes are moving—just at a sustainable pace.
Prices: Flat ? Falling
Forget the crash headlines.
- June 2024 avg. price: $889,957
- June 2025: $889,295
That’s a $662 difference. Statistically flat. Stability, not collapse.
What’s Next for 2025
Here’s what the data says:
- Existing home sales: up 3%.
- New home sales: up 5%.
- Median prices: up 1%.
- Rates: steady around 6.25–6.50%, likely easing into 2026.
No bubble bursting. Just a steady rebalancing after years of extremes.
And investors see it—homebuilder stocks are up 15% in two months. Confidence is back.
What It Means for Buyers + Sellers
The market has recalibrated.
- Inventory: healthy.
- Prices: stable.
- Demand: steady.
- Rates: poised to dip.
Opportunity is back—for both sides.
We’re not in 2021’s chaos. We’re not in a crash.
We’re in 2025—and it looks a lot like 2019.
And for real estate? That’s great news.