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[quote=Anonymous][quote=Anonymous]These residential trends are concerning

[twitter]https://twitter.com/FeverPotomac/status/1760756171302969388[/twitter]

[quote]In moderately priced areas on the east side of the city, like Brookland and Woodridge, about 30% of homes have dropped their prices in 2024, while in higher-priced areas, like 16th Street Heights and Georgetown, that number is in the 10% range. In Chevy Chase and American University Park, very few listings have seen price reductions.

The percentage of listings with price reductions so far in 2024 is a bit higher than at this time last year. If you are curious about the percentage of homes that have seen price reductions in your neighborhood, shoot us an email at editor(at)urbanturf.com and we will give you the answer. [/quote]

https://dc.urbanturf.com/articles/blog/where_are_home_sellers_dropping_their_price_in_dc/21998

I wonder how much condos vs. SFH is a factor in some of these neighborhoods?

Anyone in the industry with any insight? [/quote]

This is happening in most of the country - price cuts because interest rates are so high. The prices are still up 20%+ over the pre-COVID trend line. People ain't selling at a loss if they owned for 4+ years.

Go look at the price cuts in California. [/quote]

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