Late March 2025 Market Update | A Deep Dive into the New Bright MLS Weekly Update for Greater DC Area | Northern Virginia Real Estate Market

Let's take a late-March look at what weekly data is showing for the Northern Virginia Real Estate market, using a new data source provided by Bright MLS.

Sadly - although not surprising for my profession - most agents will not be aware of this new data source. Even fewer will take to time to assess what this data may mean for their current and future clients.

In late-February, Bright MLS started a weekly market update for the Greater DC Area, with data on New Listings, New Contracts, and Showings. The last data point is notable as it is the first time agents have weekly data on Showings to analyze as another indicator of Buyer activity and trends over time. Prior to this new weekly update, Showing data was only available as a monthly total.

The data is for Fairfax County as a barometer of the overall NoVA market. I created these charts to show week-to-week trends, along with a comparison to the corresponding 2024 week. Also, since a % increase amount for New Listings can be misleading, I quantified the % increase to show how many properties are represented by the increase.

Check out the "What to Watch For" conclusion below the charts.

The weekly data is provided for various localities (e.g., Fairfax, Arlington, Loudoun, Prince William, & Stafford Counties, the City of Alexandria, etc.). Although the weekly data does not account for property types, price points, and other elements that affect market activity, this data is a useful resource for trend analysis to assess what the market might be like over the next 4-6 weeks.

What should we be watching? 

What am I watching in this New Weekly data?

I will be looking closely at the March and April weekly and monthly numbers on New Listings vs. New Contracts.  If the increase in New Listings over the first three weeks of March continues, watch to see if New Contracts keep pace with New Listings.  If not, inventory will continue to increase as compared to 2024.