Downsizing isn't so simple for DMV empty nesters

Real estate agent Connie Carter says DMV homeowners want to downsize, but it's not so simple: There's limited inventory in most buyers' budgets, thanks to high home prices and mortgage rates.

Why it matters: Finding a buyer isn't a problem — finding somewhere for the seller to go is.

Case in point: Robert Hanawalt says his empty-nester move all started with a Zillow listing.

• He and his wife weren't looking to sell their Dupont Circle townhouse, but an apartment in a familiar building launched them into a new home search.
• They saw a few units in the building before finding the right one. Meanwhile, their Dupont home had multiple offers almost immediately, and ended up with an all-cash offer over their original asking price.

By the numbers: D.C. home prices were up 9.8% in July, compared to last year, per Redfin data.

• There were 589 homes sold last month, down from 658 in July 2023.

The intrigue: More seniors are ditching homeownership entirely, with some moving into swanky apartments packed with pools and other perks.

• Others are seeking homes that feature aging-friendly designs such as single-level floor plans, shower seats and handheld showerheads.

Finding new homes for accumulated stuff can be even more daunting.

• Pro tip: Carter recommends hiring an organization company to help make a plan for what stays and goes.
• A 4-hour in-home session with D.C.-based KonMari Method pro Jenny Albertini is $540. Creating Space D.C. offers half- and full-day packages for $360 and $650, respectively.