2026 First Quarter Market Review

First Quarter 2026

Market Review

PREFACE 2026 FIRST QUARTER MARKET REVIEW

As we reflect

on the first quarter of 2026, the Washington Metropolitan Area’s real estate market remains strong, but divided along clear lines.

Following the 2025 holiday season and welcoming of the new year, record high stock prices and lowering interest rates gave many a reason to be excited about 2026.

PREFACE 2026 FIRST QUARTER MARKET REVIEW

However, due to a combination of record cold weather in January (which kept many prospective home buyers and home sellers on the sidelines), along with the onset of an unanticipated war with Iran, the Washington Metropolitan Area’s residential real estate market is responding to uncertainty in financial and lending markets with great resilience in certain segments, and trepidation in others.

5124 Wissioming Road, Bethesda, Maryland

As an example, in the upper end of the market, where single family homes trade for $3 Million and more, sales continue to climb with a roughly 7% increase in transaction volume compared to the same period last year. However, in Washington, D.C.’s condo market, one of the region’s most important indicators of regional housing, sales at $1 Million and below show a roughly 18% decrease in transaction volume.

As we look forward to the spring — typically the most robust selling season in our region — we advise buyers and sellers alike to seek comfort in the Washington Metropolitan Area’s strong social and economic foundations.

PREFACE 2026 FIRST QUARTER MARKET REVIEW 8634 Overlook Road, McLean, Virginia

PREFACE 2026 FIRST QUARTER MARKET REVIEW

For buyers, there is a tremendous opportunity in many of the region’s most desirable locations, while sellers in desirable neighborhoods with disciplined pricing strategies are still able to take advantage of historically low inventory to achieve generous outcomes, particularly at the upper end of the market.

CONTINUE TO THE REPORT

District of Columbia

Single Family Homes

$2,320,000

Median Sold Price 44%

7 Homes Sold 12% 88 Avg. Days on Market 2% CLEVELAND PARK

$1,315,000

Median Sold Price 29%

6 Homes Sold 100% 24 Avg. Days on Market 137%

CHEVY CHASE (DC)

$1,650,000

Median Sold Price 10%

23 Homes Sold 0%

12 Avg. Days on Market 55%

FOREST HILLS

$1,875,000

Median Sold Price 17%

7 Homes Sold 75%

64 Avg. Days on Market 109%

$1,535,000

Median Sold Price 5%

12 Homes Sold 71%

93 Avg. Days on Market 618%

$1,567,600

Median Sold Price 5%

8 Homes Sold 0%

$1,862,500

Median Sold Price 11%

27 Homes Sold 59%

Avg. Days on Market 61%

$1,425,000 Median Sold Price 21%

$2,850,000

Median Sold Price 33%

5 Homes Sold 25% 48 Avg. Days on Market 94%

$2,775,000

Median Sold Price 34%

6 Homes Sold 25% 66 Avg. Days on Market 89%

PALISADES

$2,350,000

Median Sold Price 3%

7 Homes Sold 17%

132 Avg. Days on Market 968%

$1,500,000

Median Sold Price 15%

5 Homes Sold 17% 69 Avg. Days on Market 510%

$1,621,000

Median Sold Price 19%

5 Homes Sold 58% 88 Avg. Days on Market 36%

$1,132,500

Median Sold Price 1%

6 Homes Sold 20% 46 Avg. Days on Market 53%

$1,101,000

Median Sold Price 5%

53 Homes Sold 34% 46 Avg. Days on Market 2%

$937,500

Median Sold Price 23%

14 Homes Sold 7%

105 Avg. Days on Market 67% 1829 5th Street NW, LeDroit

The Most Active Markets of D.C.

Northern Virginia

Single Family Homes

6621 Haycock Road Falls Church, Virginia

CITY

$980,128

Median Sold Price 3%

$1,225,000 Median Sold Price 2%

201 Homes Sold 3%

FALLS CHURCH CITY

$1,287,500 Median Sold Price 5%

12 Homes Sold 0%

FAIRFAX COUNTY & FAIRFAX CITY

$830,000

Median Sold Price 2%

1,700 Homes Sold 5% 41 Avg. Days on Market 51%

LOUDOUN COUNTY

$853,500

Median Sold Price 0.5%

703 Homes Sold 8% 37 Avg. Days on Market 53%

FAUQUIER COUNTY

$661,250

Median Sold Price 6%

176 Homes Sold 1%

58 Avg. Days on Market 19%

MONTGOMERY COUNTY

$714,950

Median Sold Price 1%

1,384 Homes Sold 11% 48 Avg. Days on Market 51%

ANNE ARUNDEL COUNTY

$526,000

Median Sold Price 3%

1,191 Homes Sold 3% 46 Avg. Days on Market 1%

TALBOT COUNTY

$441,900

Median Sold Price 20%

121 Homes Sold 19%

133 Avg. Days on Market 106%

Most Active Markets of Maryland

District of Columbia

$710,000 Units Sold Price 14%

25 Units Sold 22%

$785,000 Median Sold Price 32%

5 Units Sold 17%

$533,500 Units Sold Price 5%

26 Units Sold 7% 57 Avg. Days on Market 4%

$917,500 Median Sold Price 35%

22 Units Sold 24%

91 Avg. Days on Market 27%

$745,000 Median Sold Price 15%

14 Units Sold 27% 104 Avg. Days on Market 9%

$570,000 Units Sold Price 24%

9 Units Sold 40%

32 Avg. Days on Market 32%

The Most Active Markets of D.C.

$394,500

Median Sold Price 5%

235 Units Sold 40% 46 Avg. Days on Market 21%

COUNTY

$482,500 Units Sold Price 7%

233 Units Sold 0% 47 Avg. Days on Market 19%

FALLS CHURCH CITY

$607,500

Median Sold Price 7%

20 Units Sold 54% 151 Avg. Days on Market 758%

FAIRFAX COUNTY & CITY

$380,000

Median Sold Price 0%

540 Units Sold 0% 45 Avg. Days on Market 49%

LOUDOUN COUNTY

$512,500 Units Sold Price 0.5%

214 Units Sold 4% 60 Avg. Days on Market 24%

FAUQUIER COUNTY

$320,000

Median Sold Price 33%

9 Units Sold 125% 28 Avg. Days on Market 42%

The Most Active Markets of Northern VA

MONTGOMERY COUNTY

$319,900

Median Sold Price 3%

421 Units Sold 17% 57 Avg. Days on Market 36%

ANNE ARUNDEL COUNTY

$345,000 Units Sold Price 4%

160 Units Sold 6% 49 Avg. Days on Market 45%

TALBOT COUNTY

$300,000

Median Sold Price 26%

1 Unit Sold 50% 22 Avg. Days on Market 64%

The Most Active Markets of Maryland