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NEWS
February 2023 Market Report
In the ramp-up to the spring market, higher mortgage rates led to a bumpy rebound across the Mid-Atlantic.
The Mid-Atlantic housing market stalled in February as buyers faced rising interest rates and economic uncertainty.
Low inventory continues to affect sales activity and prices across the Mid-Atlantic. Despite an increase in active listings, new listings in February were at their lowest point in more than two decades.
How did the market perform in February? Download the Monthly Market Reports:
| MID-ATLANTIC | WASHINGTON METRO | BALTIMORE METRO | PHILADELPHIA METRO |
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MARKETING-KIT |
Following solid gains in January, buyer activity slowed in the Philadelphia metro area and fell in Baltimore and Washington, D.C.
Demand remained in the Slow category across all major metros, reflecting consistently weak buyer activity amid low inventory and affordability challenges. The luxury condo segment saw Moderate interest in Baltimore and Philadelphia, and Steady demand in Washington, D.C.
View the latest Home Demand Index Reports:
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Recent articles
After record low sales activity, the Mid-Atlantic housing market is poised for a rebound heading into the spring.
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