Washington’s housing market has slipped into a painful slump, with almost 20 % of homes on the market priced below their original purchase price—the steepest decline nationwide, according to Parcl data. Sellers are forced to accept lower offers, yet buyers remain hesitant, citing rising mortgage rates and lingering uncertainty over the city’s economic outlook. The result is a stagnant inventory that’s hurting homeowners’ equity while keeping demand sluggish, prompting many to question whether the capital’s real‑estate boom is truly over.
DC home sellers are bleeding out, and buyers still won’t bite. Washington’s housing market has hit a grim milestone. Nearly one in five homes for sale in the nation’s capital is listed for less than the owner originally paid, the worst mark in the country, according to fresh data from real estate analytics firm Parcl...
