"December proved to be an intriguing month for Washington, DC, as the city boasted 2,387 active listings, a notable 2.9% increase from the previous year. Although this was modest compared to the national surge of 12.1%, the rise in active listings, coupled with a 25.9% drop in new listings to 338, painted a picture of tantalizing opportunities for savvy buyers eager to explore a diverse range of available homes."
"Washington, DC's real estate market saw an enticing shift as the median listing price fell to $549,500, marking an 8.0% decrease year-over-year. This was a stark contrast to the national median's slight dip of 0.6%. With the share of price reductions climbing to 13.0%, up by 2.0 percentage points, buyers found themselves in a strong position to capitalize on adjusted prices that aligned more closely with their budgets."
Washington, DC had 2,387 active listings in December, a 2.9% year‑over‑year increase. New listings fell 25.9% to 338, even as national active listings rose 12.1%. The median listing price declined to $549,500, an 8.0% decrease year‑over‑year, while the national median dipped 0.6%. The share of price reductions rose to 13.0%, up 2.0 percentage points. Homes sat on market for a median of 75 days, a 12.8% increase from the prior year and slightly longer than the national median of 73 days. These conditions afforded buyers greater negotiating leverage and more time to evaluate options.
Read at SFGATE
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