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Reply to "Yikes! Is the DC housing market this bad?"
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[quote=Anonymous][quote=Anonymous]The sale history also says the 2024 sale was “part of a multi property sale” - I don’t know exactly what that means, but the house was then listed for rent before being listed for sale. So there’s probably more going on than just a small drop in value. [/quote] I think this is the right answer. Sometimes you will see weird home price listings where it's transferred to a related trust which then records as a "sale" when in fact it wasn't sold at all. Maybe that's done for property tax purposes. I recall a house in our neighborhood like 10 years back was listed for like $1MM, sold for like $1.2MM, but was acquired by a trust and somehow showed up on Zillow as sold for $500,000 which was definitely not the case.[/quote]
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