It’s been quiet on the condominium front in much of the Washington, D.C. real estate market for some time — but recent trends suggest that things may finally be shifting.
According to UrbanTurf’s recent coverage, a growing number of condo properties that had been languishing on the market are now going under contract again. After weeks of slow activity, this uptick is notable and could signal changing buyer behavior in the city. (X (formerly Twitter))
What “Under Contract” Activity Tells Us
When condos begin going under contract after a period of stagnant activity, it generally reflects one (or several) of the following market dynamics:
1. Increased Buyer Confidence
Buyer activity may be rising as potential homeowners adjust to current interest rates or feel more optimistic about economic conditions. An uptick in contracts suggests more buyers are willing to commit despite mortgage rate concerns.
2. Inventory Starting to Move
Long-standing inventory — especially in condo buildings where units were sitting without offers — is now catching interest. That not only helps sellers but can also stabilize pricing if broader movement continues.
3. Pricing Adjustments Are Working
In some markets, units that were initially overpriced had to be relisted or discounted before drawing offers. This renewed contract movement could reflect smarter pricing strategies aligning with current buyer expectations.
Where This Matters Most
While UrbanTurf’s reporting doesn’t break down every neighborhood, anecdotal and brokerage feedback from across D.C. points to stronger activity in areas where values are realistic relative to rent and lifestyle benefits.
If you’re evaluating a listing strategy, this renewed activity means:
Sellers may finally be entering a window where demand aligns with supply.
Buyers could benefit from increased options — but competition is creeping back in.
Investors should watch for buildings where multiple units are moving under contract, as that can be an early signal of neighborhood momentum.
What to Watch Next
Watch for these indicators in coming weeks:
Days on Market (DOM) falling again.
Multiple offers returning to select condo listings.
Price stability or modest appreciation through contract activity.
Any sustained increase in condo contracts will be one of the first signs that parts of the D.C. market are waking up after a slow period — and that’s worth noting if you’re planning to buy or sell soon.
Source: UrbanTurf, Under Contract: Condos Are Moving Again (reported on UrbanTurf social coverage). (X (formerly Twitter))
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This is the original article where it came from:
https://dc.urbanturf.com/articles/blog/under_contract_condos_are_moving_again/24347