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Since DOGE began discussing mass layoffs, the median home price in Washington DC has FALLEN by -$139,000. In 30 days, nearly 4,000 homes have been listed for sale in and around Washington DC. What is happening? Let us explain. (a thread) Here's a chart showing median home price in the Washington, DC area. In November 2024, the median home in Washington, DC was worth ~$699,000, according to Redfin. Today, the median home is worth $560,000, marking a -20% drop in ~3 months. Mass selling is an understatement. There are now nearly 8,000 homes for sale in the Washington, DC metro area. Nearly HALF of these homes have been listed for sale over the last 30 days. Since November 2024, nearly 5,000 homes have been listed for sale, well above average. https://threadreaderapp.com/thread/1890815411907674372.html

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