What's Hot: Douglas Development Files PUD For Large Warehouse At New City Site Along New York Avenue
The Million-Dollar Question in the DC-Area Housing Market
✉️ Want to forward this article? Click here.
![DCDC2103768_1.jpg](https://assets.urbanturf.com/dc/images/blog/2023/07/DCDC2103768_1.jpg)
The toughest question in the DC-area real estate market is all about the homes. Specifically, when will there be more for sale. It is not a question with a clear answer, but that doesn't mean educated guesses can't be made, and a new report aims to give it a shot.
The Bright MLS report on the June housing market out today finds that the inventory of homes for sale in the region is down 20% compared to a year ago, and is just half of what it was in 2019. Active listings have also declined for three consecutive months.
story continues below
loading...story continues above
One of the primary reasons for the lack of homes on the market is the "golden handcuff" theory. That theory refers to the homeowners who locked in historically low interest rates over the last five years and are unwilling to list their homes for sale when they will need to buy another home at today's higher rates.
But as news comes that inflation eased this week, the likelihood grows that interest rates could start dropping soon.
"Inventory is going to remain low throughout the rest of 2023," the Bright report stated. "However, as interest rates edge down over the next 6 months, we should see more new listings from homeowners who have felt 'locked in' to a very low mortgage but are living in a home that does not work for them or their family."
See other articles related to: dc housing market, dc housing market trends
This article originally published at https://dc.urbanturf.com/articles/blog/the_million-dollar_question_in_the_dc_housing_market/21241.
Most Popular... This Week • Last 30 Days • Ever
![First-Timer Primer: Tax Relief for DC Homeowners](https://assets.urbanturf.com/dc/images/blog/2013/02/Homestead_Exemption_280.jpg)
When you buy a home in the District, you will have to pay property taxes along with y... read »
![A 127-Unit Luxury Condo Building In The Works For Downtown DC](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/950%203rd%20Street%20Dusk%20EXT_image_560x420.jpg)
The largest condominium building in downtown DC in recent memory is currently under c... read »
![HPO Recommends Approval For 160-Unit Office-To-Residential Conversion in Dupont Circle](https://assets.urbanturf.com/dc/images/blog/2024/06/resized/1201-Conn_image_560x420.jpg)
The plan to convert a Dupont Circle office building into a residential development ap... read »
![Beautifully Constructed Condominium in The Bridge District is Now 50% Sold](https://assets.urbanturf.com/dc/images/blog/2024/07/Riviere%20article/resized/2305%20Nicholson%20St%20SE%20405-0003_image_560x420.jpg)
The Rivière includes just 20 homes located on the eastern banks of the Anacostia Riv... read »
![Monday's Must Reads](https://assets.urbanturf.com/dc/images/blog/2024/07/resized/bubble_image_560x420.jpg)
Why Tyra Banks is serving ice cream in DC; a bike shop/record store opens in Adams Mo... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro