Zillow data shows DC with 3rd largest price drop in the Nation

[Anonymous]

Right behind Florida and Colorado. Annual year over year is -3%. Month over month value is -0.48%, which would be -5.76% on an annualized basis, which would indicate that the slide is accelerating.

https://x.com/nickgerli1/status/1924882468051595380

[Anonymous]

Sure. But also I've been told people are going to keep fleeing to Florida, Texas, and Arizona. So Florida seeing an even bigger drop and the other two seeing sizeable drops points to a nationwide issue moreso than a local one.

[Anonymous]

West Virgina failing too

[Anonymous]

Anonymous wrote:West Virgina failing too

YoY WV is up 4.9%. DC is down -3%, trailing only FL at -3.1%.

Literally any moment we will hear from Karens telling us this may be true in the burbs or on some unsafe block but this is not true close in, like on their block full of trust fund babies things. No one on their block has ever met a fed or a contractor…it’s actually unclear if anyone works but everyone has so much equity (!) and if there is a downturn that impacts them these close in families will rent out their attic and make their basement into a condo before leaving and literally everyone else they know will do the same. Home prices will not crater because only a lunatic would leave DC for some other metro with zero culture and class. Furthermore, if DC has a recession the world will be on fire so still no place to move! Also, two people on their street listed their houses last week and they just sold over ask after receiving multiple offers.

[Anonymous]

Sounds about right, but my home has more than doubled in price since I bought it so I’ll be ok

[Anonymous]

Anonymous wrote:

Anonymous wrote:West Virgina failing too

YoY WV is up 4.9%. DC is down -3%, trailing only FL at -3.1%.

Literally any moment we will hear from Karens telling us this may be true in the burbs or on some unsafe block but this is not true close in, like on their block full of trust fund babies things. No one on their block has ever met a fed or a contractor…it’s actually unclear if anyone works but everyone has so much equity (!) and if there is a downturn that impacts them these close in families will rent out their attic and make their basement into a condo before leaving and literally everyone else they know will do the same. Home prices will not crater because only a lunatic would leave DC for some other metro with zero culture and class. Furthermore, if DC has a recession the world will be on fire so still no place to move! Also, two people on their street listed their houses last week and they just sold over ask after receiving multiple offers.

Well, in fact, actually, two houses in our Bethesda neighborhood did just go under contract in under a week. One I know sold for over list price, the other I don't know. And any family with a lot of equity, if kids are involved, will make heroic efforts to not sell the house, so not sure what you're on about...

[Anonymous]

The link is basing it off the Zillow index. As if it is accurate.

The district of columbia median sale price for April 2025 is $750,000, the highest ever.

[Anonymous]

Been wanting to buy a place in Colorado. Prices there have been insane so not surprised they’re dropping.

[Anonymous]

Not sure where these numbers come from, or what specifically they are referring to. Washington DC proper? And is this for all homes - Single family, townhomes, and condo's? So many questions about this chart the OP posted.

Here are some actual stats directly from our region's MLS for the month of April:

Here’s how local markets performed compared to April 2024: Sales were down, but prices actually increased slightly.

Washington, D.C. Metro
Closed Sales: 4,454 (-1.4%)
Median Sales Price: $655,215 (+2.4%)
Median Days on Market: 7 days (+1)

Alexandria City, VA
Closed Sales: 163 (-12.8%)
Median Sales Price: $790,000 (+5.3%)
Median Days on Market: 6 days (+1)

Arlington County, VA
Closed Sales: 219 (-9.5%)
Median Sales Price: $810,000 (+3.5%)
Median Days on Market: 7 days (+1)

Fairfax City, VA
Closed Sales: 33 (+22.2%)
Median Sales Price: $840,000 (+1.2%)
Median Days on Market: 6 days (+1)

Fairfax County, VA
Closed Sales: 1,148 (-0.9%)
Median Sales Price: $775,000 (+3.3%)
Median Days on Market: 6 days (+1)

Falls Church City, VA
Closed Sales: 21 (+133.3%)
Median Sales Price: $1,350,000 (+17.4%)
Median Days on Market: 5 days (+1)

Frederick County, MD
Closed Sales: 302 (+8.2%)
Median Sales Price: $471,726 (+2.5%)
Median Days on Market: 7 days (no change)

Loudoun County, VA
Closed Sales: 476 (+6.3%)
Median Sales Price: $805,000 (+3.4%)
Median Days on Market: 6 days (+1)

Montgomery County, MD
Closed Sales: 871 (+0.3%)
Median Sales Price: $670,000 (+3.1%)
Median Days on Market: 7 days (+1)

Prince George's County, MD
Closed Sales: 670 (-5.9%)
Median Sales Price: $454,445 (+5.6%)
Median Days on Market: 14 days (+4)

Washington, DC
Closed Sales: 551 (-6.3%)
Median Sales Price: $750,000 (+6.3%)
Median Days on Market: 18 days (+3)

[Anonymous]

Anonymous wrote:

Anonymous wrote:West Virgina failing too

YoY WV is up 4.9%. DC is down -3%, trailing only FL at -3.1%.

Literally any moment we will hear from Karens telling us this may be true in the burbs or on some unsafe block but this is not true close in, like on their block full of trust fund babies things. No one on their block has ever met a fed or a contractor…it’s actually unclear if anyone works but everyone has so much equity (!) and if there is a downturn that impacts them these close in families will rent out their attic and make their basement into a condo before leaving and literally everyone else they know will do the same. Home prices will not crater because only a lunatic would leave DC for some other metro with zero culture and class. Furthermore, if DC has a recession the world will be on fire so still no place to move! Also, two people on their street listed their houses last week and they just sold over ask after receiving multiple offers.

WV is up YoY but down MoM

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:West Virgina failing too

YoY WV is up 4.9%. DC is down -3%, trailing only FL at -3.1%.

Literally any moment we will hear from Karens telling us this may be true in the burbs or on some unsafe block but this is not true close in, like on their block full of trust fund babies things. No one on their block has ever met a fed or a contractor…it’s actually unclear if anyone works but everyone has so much equity (!) and if there is a downturn that impacts them these close in families will rent out their attic and make their basement into a condo before leaving and literally everyone else they know will do the same. Home prices will not crater because only a lunatic would leave DC for some other metro with zero culture and class. Furthermore, if DC has a recession the world will be on fire so still no place to move! Also, two people on their street listed their houses last week and they just sold over ask after receiving multiple offers.

Well, in fact, actually, two houses in our Bethesda neighborhood did just go under contract in under a week. One I know sold for over list price, the other I don't know. And any family with a lot of equity, if kids are involved, will make heroic efforts to not sell the house, so not sure what you're on about...

Plenty of people are in DC for jobs and when their jobs go…so do they. They didn’t really want to be here anyway and they’ll be just fine in Marin or Atlanta or Boston. And children change schools all the time. It really is immaterial if it occurs before middle school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:West Virgina failing too

YoY WV is up 4.9%. DC is down -3%, trailing only FL at -3.1%.

Literally any moment we will hear from Karens telling us this may be true in the burbs or on some unsafe block but this is not true close in, like on their block full of trust fund babies things. No one on their block has ever met a fed or a contractor…it’s actually unclear if anyone works but everyone has so much equity (!) and if there is a downturn that impacts them these close in families will rent out their attic and make their basement into a condo before leaving and literally everyone else they know will do the same. Home prices will not crater because only a lunatic would leave DC for some other metro with zero culture and class. Furthermore, if DC has a recession the world will be on fire so still no place to move! Also, two people on their street listed their houses last week and they just sold over ask after receiving multiple offers.

WV is up YoY but down MoM

The YoY trend in WV is strong. MoM is not a trend. It’s one data point. If you took statistics you’d understand the difference.

[Anonymous]

Anonymous wrote:

Anonymous wrote:West Virgina failing too

YoY WV is up 4.9%. DC is down -3%, trailing only FL at -3.1%.

Literally any moment we will hear from Karens telling us this may be true in the burbs or on some unsafe block but this is not true close in, like on their block full of trust fund babies things. No one on their block has ever met a fed or a contractor…it’s actually unclear if anyone works but everyone has so much equity (!) and if there is a downturn that impacts them these close in families will rent out their attic and make their basement into a condo before leaving and literally everyone else they know will do the same. Home prices will not crater because only a lunatic would leave DC for some other metro with zero culture and class. Furthermore, if DC has a recession the world will be on fire so still no place to move! Also, two people on their street listed their houses last week and they just sold over ask after receiving multiple offers.

Couldn’t have written this better myself. DCUM is so predictable

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:West Virgina failing too

YoY WV is up 4.9%. DC is down -3%, trailing only FL at -3.1%.

Literally any moment we will hear from Karens telling us this may be true in the burbs or on some unsafe block but this is not true close in, like on their block full of trust fund babies things. No one on their block has ever met a fed or a contractor…it’s actually unclear if anyone works but everyone has so much equity (!) and if there is a downturn that impacts them these close in families will rent out their attic and make their basement into a condo before leaving and literally everyone else they know will do the same. Home prices will not crater because only a lunatic would leave DC for some other metro with zero culture and class. Furthermore, if DC has a recession the world will be on fire so still no place to move! Also, two people on their street listed their houses last week and they just sold over ask after receiving multiple offers.

Well, in fact, actually, two houses in our Bethesda neighborhood did just go under contract in under a week. One I know sold for over list price, the other I don't know. And any family with a lot of equity, if kids are involved, will make heroic efforts to not sell the house, so not sure what you're on about...

Plenty of people are in DC for jobs and when their jobs go…so do they. They didn’t really want to be here anyway and they’ll be just fine in Marin or Atlanta or Boston. And children change schools all the time. It really is immaterial if it occurs before middle school.

I'm the PP you quoted and yes, I agree with you! Some people will move. Manny others, however, will not

[Anonymous]

In Potomac, Chevy Chase, McLean, Georgetown it is not like folks are GS14. 1/2 of my block are Doctors. None for govt.