I am frequently asked about the impact of tariffs and layoffs on mortgage interest rates and the DMV real estate market. I have already shared information about the impact on interest rates, so today I’m sharing information about its effect on the DMV real estate market.

First, I will start with homebuyers. Currently, we are starting to see homes stay on the market for longer periods. This is good for buyers. In many cases, there is some room for negotiation on price and contingencies. However, a house that is competitively priced and well-staged in a great area could still receive multiple offers. Also, there has been a steady flow of houses coming on the market this spring, so there are more properties for potential buyers to choose from. At this time, the tariffs and layoffs have not had a significant impact on the housing market in the DMV for homebuyers.

Next are home sellers. The good news is that homes in the DMV have maintained their value. Home prices have moderated but are still strong. Despite the number of government and contractor layoffs, there still seem to be plenty of buyers. Rumors that many houses were coming on the market and depressing values due to the tariffs and layoffs have been proven untrue.

In summary, now is a great time to buy a home in the DMV. At RMC, April was our strongest month of purchase settlements since the fall of 2022. Please contact me if you would like to look at homebuying numbers.