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Where Are Home Sellers Dropping Their Price in DC?

  • February 22nd

by UrbanTurf Staff

Today, UrbanTurf is taking a look around DC to see where home sellers are dropping their prices. 

With data provided by Bright MLS, we looked at neighborhoods with at least 10 homes on the market to see where prices are being cut.  

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Click to enlarge.

In moderately priced areas on the east side of the city, like Brookland and Woodridge, about 30% of homes have dropped their prices in 2024, while in higher-priced areas, like 16th Street Heights and Georgetown, that number is in the 10% range. In Chevy Chase and American University Park, very few listings have seen price reductions. 

The percentage of listings with price reductions so far in 2024 is a bit higher than at this time last year. If you are curious about the percentage of homes that have seen price reductions in your neighborhood, shoot us an email at editor(at)urbanturf.com and we will give you the answer. 

Thumbnail photo by Ted Eytan

See other articles related to: dc housing market trends

This article originally published at https://dc.urbanturf.com/articles/blog/where_are_home_sellers_dropping_their_price_in_dc/21998.

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