Anonymous
Post 05/24/2025 18:13     Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:In my zip code (20850) homes are not flying as fast as they were last year, but listings up to 1.5 M are still moving. The price drops are not dramatic. Prices definitely seem to have plateaued though, which isn’t necessarily a bad thing given that they increased so rapidly post-Covid.



This is what I'm seeing in 20817. Definitely more inventory, and more sitting though. Those invariably need price cuts.
Anonymous
Post 05/24/2025 17:24     Subject: Zillow data shows DC with 3rd largest price drop in the Nation
In my zip code (20850) homes are not flying as fast as they were last year, but listings up to 1.5 M are still moving. The price drops are not dramatic. Prices definitely seem to have plateaued though, which isn’t necessarily a bad thing given that they increased so rapidly post-Covid.
Anonymous
Post 05/24/2025 10:49     Subject: Zillow data shows DC with 3rd largest price drop in the Nation
10:10 here, links didn’t transfer over.

https://www.redfin.com/DC/Washington/4723-4th-St-NW-20011/home/10064045?&utm_source=google&utm_medium=ppc&utm_campaign=1021583&utm_term=aud-299174632494:kwd-1655075395670&utm_content=750120387809&adgid=181661941609&intent=&gad_source=1&gad_campaignid=9617226124&gbraid=0AAAAADirq3s2kiNExuyac_PN8AhgJHjbY&gclid=Cj0KCQjwucDBBhDxARIsANqFdr1IVMeEpPRaEYOhTBxr6ZOoweawa5ij9zkAfrRiElxziC400fuhtD4aAgToEALw_wcB&gclsrc=aw.ds

https://www.redfin.com/DC/Washington/602-Sheridan-St-NW-20011/home/10055490?gclsrc=aw.ds&&utm_source=google&utm_medium=ppc&utm_campaign=1039869&utm_term=&utm_content=&adgid=&gad_source=1&gad_campaignid=22038302819&gbraid=0AAAAADirq3vzmNbPj5vquXwwOiS9Tay71&gclid=Cj0KCQjwucDBBhDxARIsANqFdr16btWuEXxT1pgR5TF0t4F-ritWbiCd1iRd3fiGGl6EI4MeP9dGHr4aAoZ2EALw_wcB


https://www.redfin.com/DC/Washington/5021-8th-St-NW-20011/home/10051763








Anonymous
Post 05/24/2025 10:23     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)



Thanks for this. I get so annoyed with these wishful downturn folks. I'm in my 4th decade living here and can remember exactly twice when people lost out on homeownership. I'm sorry that DC doesn't budge much, neither does NY. Some places - there's not going to be that downturn, some wish for as entree into the market.
Anonymous
Post 05/24/2025 10:19     Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:
Anonymous wrote:The link is basing it off the Zillow index. As if it is accurate.

The district of columbia median sale price for April 2025 is $750,000, the highest ever.


That’s because you have/had people buying 25mil plus homes. So that data point is useless.


Do you not know what a median is?
Anonymous
Post 05/24/2025 10:12     Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:The link is basing it off the Zillow index. As if it is accurate.

The district of columbia median sale price for April 2025 is $750,000, the highest ever.


That’s because you have/had people buying 25mil plus homes. So that data point is useless.
Anonymous
Post 05/24/2025 10:10     Subject: Zillow data shows DC with 3rd largest price drop in the Nation
I think prices have gotten out of control.
Someone mentioned in a thread we'll know if it's a market downturn/crash when homes are listed/sold below their last purchase price. And I'm starting to see that in my zip code of 20011. Doesn't look good for those who need to sell, but folks were overbidding. etc. and will now have to pay the price. Are you seeing homes in your area with the same credentials?

https://www.redfin.com/DC...lsrc=aw.ds

https://www.redfin.com/DC...Z2EALw_wcB

https://www.redfin.com/DC...e/10051763
Anonymous
Post 05/24/2025 02:15     Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:
Anonymous wrote:This is the problem with a lot of stories that try to rank DC as if it's one of the 50 states instead of comparing it to other metropolitan areas. Of course a city is going to have bigger fluctuations in real estate prices (or crime, or school test scores, or a lot of things) than an entire state which reflects the average of rural and urban areas).


LOL. The usual argument here is that you can’t include values from the suburbs, because those are always more subject to fluctuations.


This is also a flawed theory, because in the DMV “the suburbs” is a very wide range of neighborhoods - some that are more susceptible to fluctuations and some that have historically had very little fluctuation at all.
Anonymous
Post 05/23/2025 22:49     Subject: Zillow data shows DC with 3rd largest price drop in the Nation
Anonymous wrote:This is the problem with a lot of stories that try to rank DC as if it's one of the 50 states instead of comparing it to other metropolitan areas. Of course a city is going to have bigger fluctuations in real estate prices (or crime, or school test scores, or a lot of things) than an entire state which reflects the average of rural and urban areas).


LOL. The usual argument here is that you can’t include values from the suburbs, because those are always more subject to fluctuations.