Washington, D.C. Housing Inventory Jumps Record 25% Amid Federal Layoffs
The number of homes for sale in the nation’s capital is at the highest level since 2022 amid a mass reduction in the federal workforce
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
The number of homes for sale in the nation’s capital is at the highest level since 2022 amid a mass reduction in the federal workforce
The $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020. Market dynamics have shifted in favor of
More sellers are offering concessions as rising housing costs and economic uncertainty make buyers nervous, and housing supply hits a five-year high. In Seattle, 71%
The typical home that went under contract in March sat on the market for 47 days. Homes sold over twice that fast during the pandemic
The median asking rent dropped 0.6% year over year to $1,610, the 13th-straight month in which rents have been fairly stable. New tariffs could increase
Americans need an annual income of $117,000 to afford the typical home for sale. That’s 82% more than they need for the typical rental, up
The number of homes for sale in the nation’s capital is at the highest level since 2022 amid a mass reduction in the federal workforce
The $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020. Market dynamics have shifted in favor of
More sellers are offering concessions as rising housing costs and economic uncertainty make buyers nervous, and housing supply hits a five-year high. In Seattle, 71%
The typical home that went under contract in March sat on the market for 47 days. Homes sold over twice that fast during the pandemic
The median asking rent dropped 0.6% year over year to $1,610, the 13th-straight month in which rents have been fairly stable. New tariffs could increase
Americans need an annual income of $117,000 to afford the typical home for sale. That’s 82% more than they need for the typical rental, up