Reply to Is crime affect DC's real estate market?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I dont know if it's crime or just the reality that the youth bulge has declined, and people are starting families. interest rates are the same everywhere.

NOVA is one of the hottest seller markets in the country right now at 20 day DOM. DC is 47 days.

If you want to stay updated with the local market dynamics, I find these reports best. I've been reading them going back fifteen years.[/quote]

The DOM for DC comapred to NoVA suggests it could be crime affecting hte DC market, right?[/quote]

The parts of DC where homes are still selling tend to have larger size homes, such as closer in Capitol Hill (larger, wider rowhouses) or parts of NW that have more unattached homes vs. farther out Hill East, etc.

For instance, per Redfin Market analysis, Brookland homes are still selling and are selling faster than a year ago. Although Brookland has higher crime vs other parts of DC, it also has larger SFHs which are more desirable with telework.

WFH is driving people to want more space.[/quote]

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