The Washington, DC, area housing market has seen an increase in homes being listed for sale as more government employees have either been laid off or have accepted buyouts. The post D.C. Housing Market Sees Increase in Homes for Sale as Federal Workers Laid Off appeared first on Breitbart.
The Washington, D.C., housing market has seen an increase in homes for sale, attributed to federal workers being laid off or accepting buyouts under the Trump administration's workforce reduction efforts. According to Devon & Dustin Fox Homes, the median sale price has risen 4% year-over-year to around $600,000, while homes are taking longer to sell, averaging 22 days on the market. Fairfax City and Montgomery County reported significant median price increases, with Fairfax City seeing a rise from $660,500 to $935,000 and Montgomery County from $525,000 to $599,945. Alexandria City experienced an 18.1% increase. Inventory has surged, with Washington, D.C., up 23.8% to 2,092 listings, and Alexandria City leading with a 50.5% increase to 158 homes.