D.C. sees highest share of homes lose value in a decade
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Washington just logged its highest share of homes losing value in roughly a decade, per a new Zillow report.
The big picture: The market softened across the DMV amid economic anxiety — especially in the District, where President Trump's crackdown left buyers and sellers especially skittish.
By the numbers: 43.2% of D.C. metro homes lost value over the last year — the highest in a decade.
Yes, but: This is below the national average — 53% — and far below metros like Denver, which clocked in at a whopping 90.6%.
Reality check: Many DMV homeowners bought before prices surged in the early 2020s, meaning their home values are likely overall holding strong.
- As of October, the median area home value had jumped 48% since the property was last sold, around 9.4 years for the typical Washington owner.
What they're saying: "While fluctuations in home values can distress watchful owners, the vast majority are sitting on large equity gains that they can take advantage of when they sell," Zillow chief economist Mischa Fisher tells Axios.
Zoom out: Baltimore saw a smaller drop in lost value (33.8%), as did Richmond (29%).