DC CONDO REPORT 2025
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Six years ago, we pulled together a deep dive on the DC condo market and sent it out as an email to our RLAH agents It was a bit rough around the edges but packed with useful stats and insights that helped agents have better conversations with their sellers
Since then, that simple email has evolved into this annual report we release every July. It’s become an important tool for our team, giving us the data and perspective we need to guide clients with clarity and confidence
At RLAH, we believe in leading with facts, even when that means advising clients to wait or explore renting if the market doesn’t support their goals We’re committed to staying at the forefront of trends, data, and forward-thinking analysis because it helps our clients make informed, smart decisions.
This year, we’re sharing our report more broadly The DC condo market has its challenges right now, but there are still opportunities for those who understand where things stand
Inside, you’ll find the data and insights we believe matter most We hope it helps you and your clients navigate the path ahead with confidence
If you’d like to talk through anything you see here, don’t hesitate to reach out
Justin Levitch
JUSTIN LEVITCH
PRESIDENT
M: 469 831 8021 O: 301 653 0643
justin@rlahre com
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UNITS SOLD YTD THROUGH JUNE
Condo and co-op sales in Washington, DC are essentially flat year-over-year through June, with 1,474 units sold so far in 2025 compared to 1,515 during the same period last year, a modest 2 7% dip This signals that demand has not dropped off
While sales volumes today are nowhere near the levels seen during the post-pandemic boom, it is important to note that the market has largely stabilized over the past couple of years
The decrease from last year is minimal, indicating that about the same number of condos are selling this year as last year, despite broader market challenges Although sellers might feel like activity has slowed, especially with more inventory on the market, the reality is that buyer demand has held steady on a year-over-year basis
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LISTINGS IN JUNE
Some might assume that flat condo sales mean there has been a flood of new listings overwhelming the market and creating too many options for buyers But the data tells a different story
Year-to-date through June, new condo listings are up a modest 77 percent And notably, June saw fewer new condo listings come to market than in any June over the past five years
So, despite steady sales, the market is not dealing with an oversupply In fact, new inventory remains constrained compared to historical norms
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DOM CONTRIBUTES TO INCREASED INVENTORY
Jul2020Sep2020Nov2020Jan2021Mar2021May2021Jul2021Sep2021Nov2021Jan2022Mar2022May2022Jul2022Sep2022Nov2022Jan2023Mar2023May2023Jul2023Sep2023Nov2023Jan2024Mar2024May2024Jul2024Sep2024Nov2024Jan2025Mar2025May2025
Inventory for DC condos is up over 43 percent compared to last May It is now the highest it has been in the past five years and continues to trend upward One factor driving this increase is longer days on market When homes sit unsold for longer, the market becomes more crowded with listings. June DOM was up 50% Year-over-year
Although there has been only a modest increase in new supply, the combination of more days on market and flat demand is causing inventory levels to rise significantly
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WHEN CONDOS DON’T SELL
Below is data for all Washington, DC condos over the past five Junes that changed status to one of the following: ‘Expired,’ ‘Canceled,’ ‘Withdrawn,’ or ‘Temporary Off Market’
Below are all property types in Washington, DC for the month of June over the past 5 years that were New Active Residential Leases
More DC condos are failing to sell this year compared to recent years, as shown by the 13% rise in listings that either expired, were canceled, withdrawn, or temporarily taken off the market this June What’s unique about 2025 is the significant surge in new residential leases, which jumped 68% year-over-year in June
This sharp rise in rentals highlights how many condo owners who might have sold, have instead chosen to become landlords Faced with the prospect of lower sale prices or longer days on market, many would-be sellers are opting to rent out their units, adding more inventory to the rental market and underscoring the shifting dynamics of DC’s condo landscape.
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MEDIAN SOLD PRICES YTD THROUGH JUNE
Median sold prices for condos in DC through June are down just under 2 percent so far this year By contrast, last year they were up 2 percent, and 2023 marked the largest recent drop in condo prices
It is important to remember that closed median prices reflect only the properties that actually sell, which currently are the best of the best As noted earlier in the report, there has been a significant increase in unsuccessful attempts to sell DC condos
So while recorded prices show the median for successful sales down nearly 2 percent, we believe the true median prices are even lower We expect prices to continue declining as pending sales close, because sellers who need to move and cannot rent will likely have to accept discounts below recent comparable sales
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MEDIAN SOLD PRICES & BEDROOM COUNT
This slide highlights how median sold prices for DC condos in the second quarter correlate with bedroom count, revealing meaningful differences across unit types One-bedroom condos saw the largest decline, down 4 7%, largely due to their higher share of the market and greater sensitivity to shifts in demand.
Studios and two-bedroom units experienced smaller decreases of 1.2% and 0 8% respectively, indicating steadier pricing in those segments Notably, threebedroom condos bucked the broader trend, rising 3 31% year over year
Three bedroom units remain rare and cater to a more targeted group of buyers, helping sustain their value despite overall market pressures The data underscores that condo pricing trends in DC are closely tied to unit size, rather than moving uniformly across the market
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PARKING SPACE & ADDED VALUE
An analysis of Washington, DC condo sales from January through June 2025 shows that properties with at least one parking space consistently sell for higher prices than those without
However, the price premium is generally modest across most price ranges, typically adding only 1% to 3% to the sale price.
While condos over $1M show a larger premium for parking, the data indicates that for the majority of the market, parking does not contribute as much additional value as many condo owners might expect This suggests that while parking remains a desirable feature, its impact on pricing is limited outside the luxury segment
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WHAT DC CONDO SELLERS SHOULD KNOW
TAKEAWAYS
There’s been over a 30% increase in active listings compared to this time last year.
Days on market (DOM) has increased 50% from last year
Prices are slightly down through the year for the units that actually sell.
The rental market is being flooded with would-be sellers choosing instead to become landlords
Demand has remained flat overall
The same number of condos are selling this year, but buyers are being more selective
A condo needs to be the “best deal available” to attract offers
Condo buyers are heavily focused on monthly payments:
Incentives like pre-paid condo fees or mortgage rate buy-downs can help make a sale
Forward-looking pricing suggests listing below comps from the previous 6 months to stay competitive
Units with parking often sell faster and for higher prices
Three-bedroom units are performing better than smaller condos
Higher floors often attract buyers due to better views and reduced street noise, though this varies by building and neighborhood
Neighborhood matters, pricing and buyer preferences can shift block by block
HAVE QUESTIONS OR IDEAS?
Did this report spark ideas for other stats you’d like to see?
Are you curious about trends in a specific neighborhood or condo type that we didn’t cover here?
Our goal is to help you think strategically about the market so you can stay ahead of the curve. If there’s anything you’d like us to dig into, email us anytime at info@RLAHRE.com.
We love the challenge and are here to help.
ARLINGTON
CHEVY CHASE
STREET
LOGAN CIRCLE
POTOMAC
PRINCE GEORGE'S