John Wordock | John.Wordock@WTOP.com

March 15, 2026, 8:21 AM

The D.C.-area housing market could be headed for a busy spring after a slow start to the year.

That’s according to Corey Burr, senior vice president of TTR Sotheby’s International Realty. “We’re coming out of a very cold winter where a lot of the activity was muted in January and February,” Burr said in an interview with WTOP.

He said the region is likely to see “a lot of pent-up demand” from buyers and sellers who held off listing homes until warmer weather arrived.

Historically, the spring market — especially the next four months — is the most active period for home sales in the D.C. area, Burr said.

Mortgage rates dropping to the 6% range from around 7% last year could also boost activity, he added

“With interest rates down … there’s going to be more buyer demand,” he said.

At the same time, buyers now have more choices than they did during the pandemic housing boom. Burr said there are roughly 20% more homes on the market compared to last year, and properties are staying listed longer.

“The days on the market is the highest in five years,” he said.

Still, Burr stopped short of calling the current environment a buyer’s market.

“I wouldn’t call it a buyer’s market, but I would say it’s a more neutral market,” he said. He added that homes often see strong competition during the first week or two after they are listed, but after that, buyers tend to feel they have more leverage.

Economic factors and the Fed

Broader economic issues — including energy prices and global conflicts — can influence the housing market by affecting consumer confidence, Burr said.

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