Posted on 03/13/2025 11:39:47 AM PDT by Oldeconomybuyer
The supply of homes for sale across the nation always rises ahead of the busy spring market, but the Washington, D.C., metropolitan area is seeing an outsized increase, according to Realtor.com.
Inventory gains in the region, which includes the District as well as Maryland and Virginia suburbs, began to accelerate in January and February, up 35.9% and 41% year-over-year, respectively. Inventory in the area from June to December had already been 20% to 30% higher than the previous year, but the increases accelerated even further in recent months.
As of last week, active listings were up 56% compared with the same week one year ago.
“The adjustment period following federal layoffs and funding cuts has likely put some Washington D.C. home searches on hold, both for those whose jobs have been directly impacted and those who may be concerned about what’s ahead, and the data hints at these challenges,” wrote Danielle Hale, chief economist for Realtor.com in a release.
For comparison, active listings nationally were up 28% last week compared with the same week in 2024.
(Excerpt) Read more at cnbc.com ...
who cares...
Those of us who live here.
Did they care about trailer park foreclosures when auto plants were being shut down? meh.
Schadenfreude.
Every time there’s a change in administration, there’s always a big tick in houses for sale……
Ben in the DC area since the late 70s, honest every change in administration is a big uptick in houses for sale
It was worse in Silicon Valley in 1987, 2001 and 2005.
Things will return eventually
We’ve been waiting for something that may bring the prices down. What we pay for a two BR condo here in a decent area would buy a big house in other parts of the country.
Wait until the RIFs (reductions in force) start in the next few months.
This party is just getting started.
Squatters UNITE!
How much did you pay for your house, and when, and how much is it worth now
We don’t own a house. We’re looking into buying a condo.
In recent years survey have shown that 7 of the 10 richest counties in the country were suburbs of DC. Maybe DJT will bring that number down!
The explosion occurred with the founding of DHS and the WOT under Bush and Cheney. DC was a rather quiet town until those two globalist grifting tools got control over everything.
DC hasn’t been a ‘quiet town’ since the 1960s, maybe the early 70s.
And it really took off under Reagan.
Welcome to the real world.
They must be going back to all the factories we have in Mexico.
How much would a home similar to one in ‘Ford’s Colony’ be in Arlington or Alexandria.
Jamestown/Williamsburg is much more reasonable!
The whole Washington area is overblown as is most of the US. The layoffs will drive prices and rents back down to normal levels, as the government workforce in the area continues to shrink. This is a good thing.
Also, as illegals continue to be deported, the housing market will stabilize and start to go down. Also expect the need to build more infrastructure to go down also as the need for it drops as the millions of people who should not be here leave.
This will save us lots of money that will NOT needed to be spent, further helping Americans.
Let get this party started...
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