Washington D.C. real estate market is ‘considerably’ slower this year than last year

TRD New York /
Aug.August 30, 2018 06:15 PM

There’s more than one brand of deadlock happening in Washington D.C.: its real estate market is “considerably” slow this year when compared against last year, the Washington Post reported. Last July, homes in the metro area typically stayed on the market for 19 days. This year, that number stands at 39 days. Only 21 percent of homes that sold in July, meanwhile, sold in two weeks or less, compared to 43 percent last year. The slowdown may be due to an increased inventory in the city, with “buyers… feeling less frenzied and taking a bit more time in their home search,” the outlet reported. [WaPo]


Related Articles

arrow_forward_ios
Amazon CEO Jeff Bezos (Credit: Getty Images, iStock)

Amazon’s shopping cart now includes new grocery store leases in LA area

Across the US, new home sales keep falling

Home prices roar in Arlington, whimper in Manhattan post-Amazon

No one home: Japan’s dwindling population means a housing oversupply

Another canary? More homes sell at below asking price, report shows

Miami is the most rent-burdened city in the country: report

Placeholder image

Hundreds of Gap, Family Dollar, Victoria’s Secret stores to close

Worn down: Payless shoes to close all 2K locations, declare bankruptcy

arrow_forward_ios