Anonymous
05/23/2025 20:10
Subject: Re:Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote: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)
Throw out Falls Church and Fairfax City. They're so small one or two houses that sell skew the results.
Anonymous
05/23/2025 19:05
Subject: Zillow data shows DC with 3rd largest price drop in the Nation
I don't think there's any question that at least in parts of the DMV, prices will go stagnant or even fall.
The bigger question is whether they will fall below, say, 2019 levels and whether things will stay stagnant or depressed in DC for long.
I would bet on no. The economy will recover, as it always does. Some jobs may shift around, but there will always be money in being the capitol city.
This may turn out to be a needed correction. The price increases between 2020 and 2025 were unsustainable, surely we all saw that. Rising rates didn't do much because there's so little inventory. But this might put a dent in it.
If you bought prior to 2019, or bought after but intend to hold onto your home for more than a few years, I don't think this will matter.
People also freaked out in 2008/9. Turns out that was a great time to buy a home.
The bigger question is whether they will fall below, say, 2019 levels and whether things will stay stagnant or depressed in DC for long.
I would bet on no. The economy will recover, as it always does. Some jobs may shift around, but there will always be money in being the capitol city.
This may turn out to be a needed correction. The price increases between 2020 and 2025 were unsustainable, surely we all saw that. Rising rates didn't do much because there's so little inventory. But this might put a dent in it.
If you bought prior to 2019, or bought after but intend to hold onto your home for more than a few years, I don't think this will matter.
People also freaked out in 2008/9. Turns out that was a great time to buy a home.
Anonymous
05/23/2025 18:54
Subject: Re:Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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)
This seems about right to me, not sure where OP was getting those numbers or if that was for the District only.
First set of numbers are DC only. What those numbers show is that fewer people in DC proper are selling houses this year but those who are selling are getting higher prices, though they have to wait one day longer to sell - -7 days gasp!
I don’t see how your analysis could be true.,I didn’t dig into this, but what I see from the Zillow data is that the average DC home value is down 3% year over year. Zillow also says 20 median days to pending. I didn’t see 7 anywhere.
https://www.zillow.com/home-values/41568/washington-dc/
This is based on zestimates. Everyone knows zestimates are crap. It is kind of embarrassing to be trying to pass this off as a robust data analysis lol
Why are you such an intolerably rude person? And what sort of person would assume someone saying “I didn’t dig into this” and providing a link to what I could find on the topic as a PP is doing a data analysis? Are you familiar with data analysis? It sounds like you’re not. It’s actually a lot more embarrassing to post a bunch of numbers with no link. Where are you finding market values are going up and the median time on the market is 7 days? Please, post your data analysis. I’d love to see what a SAHM obsessed with property values who probably started the prestige neighborhood thread while her husband was having an affair because she’s insufferable can do on excel 🙄
Sorry, tldr
Anonymous
05/23/2025 18:52
Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Anonymous wrote:In Potomac, Chevy Chase, McLean, Georgetown it is not like folks are GS14. 1/2 of my block are Doctors. None for govt.
Generally, doctors need patients. If there is a recession and people move out, I think doctors will eventually leave as well.
+1
Anonymous
05/23/2025 18:51
Subject: Re:Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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)
This seems about right to me, not sure where OP was getting those numbers or if that was for the District only.
First set of numbers are DC only. What those numbers show is that fewer people in DC proper are selling houses this year but those who are selling are getting higher prices, though they have to wait one day longer to sell - -7 days gasp!
I don’t see how your analysis could be true.,I didn’t dig into this, but what I see from the Zillow data is that the average DC home value is down 3% year over year. Zillow also says 20 median days to pending. I didn’t see 7 anywhere.
https://www.zillow.com/home-values/41568/washington-dc/
This is based on zestimates. Everyone knows zestimates are crap. It is kind of embarrassing to be trying to pass this off as a robust data analysis lol
Why are you such an intolerably rude person? And what sort of person would assume someone saying “I didn’t dig into this” and providing a link to what I could find on the topic as a PP is doing a data analysis? Are you familiar with data analysis? It sounds like you’re not. It’s actually a lot more embarrassing to post a bunch of numbers with no link. Where are you finding market values are going up and the median time on the market is 7 days? Please, post your data analysis. I’d love to see what a SAHM obsessed with property values who probably started the prestige neighborhood thread while her husband was having an affair because she’s insufferable can do on excel 🙄
Anonymous
05/23/2025 18:42
Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Two exact same house built by the same builder side by side,
5915 Lone Oak Dr,
Bethesda, MD 20814
Originally bought in 2023 - 2.375M
Last sold for 2.1M - Sold recently
5917 Lone Oak Dr - New built - Sold recently at 2.07M
https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691
So 10% down. Looks right to me. I am seeing the same trend. I think we may see a bit more downward price from here.
Anonymous
05/23/2025 18:41
Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Two exact same house built by the same builder side by side,
5915 Lone Oak Dr,
Bethesda, MD 20814
Originally bought in 2023 - 2.375M
Last sold for 2.1M - Sold recently
5917 Lone Oak Dr - New built - Sold recently at 2.07M
https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691
5915 Lone Oak Dr,
Bethesda, MD 20814
Originally bought in 2023 - 2.375M
Last sold for 2.1M - Sold recently
5917 Lone Oak Dr - New built - Sold recently at 2.07M
https://www.redfin.com/MD/Bethesda/5915-Lone-Oak-Dr-20814/home/183923691
Anonymous
05/23/2025 17:54
Subject: Re:Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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)
This seems about right to me, not sure where OP was getting those numbers or if that was for the District only.
First set of numbers are DC only. What those numbers show is that fewer people in DC proper are selling houses this year but those who are selling are getting higher prices, though they have to wait one day longer to sell - -7 days gasp!
I don’t see how your analysis could be true.,I didn’t dig into this, but what I see from the Zillow data is that the average DC home value is down 3% year over year. Zillow also says 20 median days to pending. I didn’t see 7 anywhere.
https://www.zillow.com/home-values/41568/washington-dc/
This is based on zestimates. Everyone knows zestimates are crap. It is kind of embarrassing to be trying to pass this off as a robust data analysis lol
Anonymous
05/23/2025 15:46
Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Anonymous wrote:Anonymous wrote:In Potomac, Chevy Chase, McLean, Georgetown it is not like folks are GS14. 1/2 of my block are Doctors. None for govt.
It's so cute that some posters on this board think feds can afford to buy sfhs in those places, or the District unless they have trust funds or a higher earning partner / spouse.
Don't have to be a fed, just someone whose job is affected by govt money.
+1
I’m not a fed and our organization had layoffs due to reduced funding. Plenty of people in similar boats.
Anonymous
05/23/2025 13:07
Subject: Re:Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Anonymous wrote:Anonymous wrote: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)
This seems about right to me, not sure where OP was getting those numbers or if that was for the District only.
First set of numbers are DC only. What those numbers show is that fewer people in DC proper are selling houses this year but those who are selling are getting higher prices, though they have to wait one day longer to sell - -7 days gasp!
I don’t see how your analysis could be true.,I didn’t dig into this, but what I see from the Zillow data is that the average DC home value is down 3% year over year. Zillow also says 20 median days to pending. I didn’t see 7 anywhere.
https://www.zillow.com/home-values/41568/washington-dc/
Anonymous
05/22/2025 21:43
Subject: Re:Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Anonymous wrote: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)
This seems about right to me, not sure where OP was getting those numbers or if that was for the District only.
First set of numbers are DC only. What those numbers show is that fewer people in DC proper are selling houses this year but those who are selling are getting higher prices, though they have to wait one day longer to sell - -7 days gasp!
Anonymous
05/22/2025 21:39
Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Anonymous wrote:In Potomac, Chevy Chase, McLean, Georgetown it is not like folks are GS14. 1/2 of my block are Doctors. None for govt.
Generally, doctors need patients. If there is a recession and people move out, I think doctors will eventually leave as well.
IDK how many ppl are moving out, I don't see it in traffic patterns
Traffic is terrible now, pretty much everywhere too.
Anonymous
05/22/2025 21:37
Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:It’s going to take some time for the layoffs to affect the market. The real pain in RE will be in six months.
PPL said this back in Jan, it’s been 4 months, I don’t see significant difference in housing market now vs. last year. Back then overpriced home used to sit too and well priced sold quickly.
Anonymous
05/22/2025 13:06
Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:In Potomac, Chevy Chase, McLean, Georgetown it is not like folks are GS14. 1/2 of my block are Doctors. None for govt.
It's so cute that some posters on this board think feds can afford to buy sfhs in those places, or the District unless they have trust funds or a higher earning partner / spouse.
I know dual Feds that bought sfh a couple of yrs ago in Potomac. Though Potomac not as pricey and in demand as it used to be.
Which is why they bought there.
DH is a fed with a specialized field which pays well. The only fellow feds he knows who can even afford to live in Bethesda bought 30+ years ago, and are selling to help finance their retirement.
It depends. Houses my block by village sell very quickly. I am walking distance, library, starbucks, supermarket etc. It is an oxymoron as walkable Potomac. If anything Tarrifs are a bigger issue. The large homes on two acres the cost of buying things is now a nightmare. Houses with 8 bathrooms, two kitchens, a pool and tennis court with a cess pool and well in outer potomac you are always buying stuff and hiring people. Price increase on material and labor is the real killer. It is not 2009 when folks worked for almost nothing and stores were having big sales due to recssion. The days of the 6k bathroom remodel and 30K kitchen renovation of 2009 is long long gone.
Your post reminds me why I'm so glad that we sold our giant house in NWDC. It was way too large for us and it was never ending work with upkeep, decorating etc. even with cleaning outsourced.
Anonymous
05/22/2025 13:01
Subject: Zillow data shows DC with 3rd largest price drop in the Nation
It’s going to take some time for the layoffs to affect the market. The real pain in RE will be in six months.