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Metropolitan DC Local Politics
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]And yet, housing prices keep rising. That means sustained demand. For every aging millennial that leaves DC, there seem to be a least a couple GenZers who want to move in, regardless of crime.[/quote] Wake up. Home prices in DC proper are DOWN. And if you back out the multimillion dollar international level properties the numbers are really bad other than a few “safe” neighborhoods. [/quote] NP but really? Every flip in my neighborhood is going for prices that are way too high to live in my neighborhood. But they are taking longer to sell.[/quote] “The only jurisdiction that did not see home prices rise in December was DC proper (-4%).” https://dc.urbanturf.com/articles/blog/dc-area_home_prices_see_fastest_growth_in_18_months/21848[/quote] Look, it could be because actual selling prices are dropping, but DC's prices could easily be due to the mix of properties selling in December. In other words, if there are more studio and 1BR condos in the mix vs. SFHs, the median price will drop even though perhaps each of those properties sold for "more" than they theoretically may have received a year ago. You need to see price changes by property type.[/quote]
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