Reports claiming the Washington, DC housing market is collapsing are inaccurate. False narratives fueled by social media misrepresent new listings, suggesting a vast increase. In truth, the market reflects trends consistent with the national average—inventory is up 40% year-over-year but is not unprecedented. Listing prices have slightly decreased, aligning with overall market conditions. Local economists assert that while there are changes in the market, they do not signify a crisis or extreme downturn.
DC is not a booming market, but it's not crashing either. It's really pretty average within a national market that's also cooling.
The total supply of homes for sale in metro DC is up about 40% from a year ago, which aligns with national trends.
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