Home sellers are increasingly offering concessions like covering repairs and closing costs as the market becomes more buyer-friendly.
44.4% of sellers gave concessions in early 2025, close to a record high.
However, in some cities, including some of the largest business hubs, concessions are much less common.
In Washington, for example, only 39.2% of sellers are offering concessions.
That could suggest either lower housing inventory, stronger buyer demand, or more realistic initial pricing.
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Why Are Seller Concessions so Uncommon in DC?
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D.C. Homeowners: 4 Tax Perks in 2025
Homeowners can deduct mortgage interest and property taxes, but must itemize to access these benefits.
Mortgage interest is deductible for up to $750K in home loan principal, subject to certain conditions. -
These are the most expensive D.C. neighborhoods of 2024
The median home price in D.C.'s most expensive neighborhood reached $2.6 million last year, reflecting a boom in the luxury real estate market as high-end buyers often opted for all-cash offers. Kent in Northwest D.C. became the priciest neighborhood, surpassing Spring Valley. Woodley Park also made the top 10, with its median sale price rising from $814,900 to $1.8 million. Most of the top 10 neighborhoods remained unchanged from 2023, all located in Northwest D.C.
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How to Protect Your Home From Ice Storm
Insulate pipes and maintain stable heating to prevent freezing and bursting during ice storms.
Keep gutters, grates, and drainage systems clear to avoid ice buildup and potential water damage. -
DC Housing Market Enters Cautious Spring
DC's spring housing market remains uncertain amid economic instability and federal workforce changes.
New listings in the DMV ↑ 20% yearly, doubling the regional avg increase of ↑ 10%. -
DC Housing Market Faces Slow 2025 Start
The DC-area housing market started slow in 2025, with key metrics declining in January.
Homes going under contract ↓ 6.5% in January compared to the same month in 2024. -
DCHFA closes 2024, by financing the Rehabilitation of 124 affordable apartments in Ward 8
On December 20, the District of Columbia Housing Finance Agency issued $34 million in tax-exempt bonds and underwrote $21.2 million in federal and $4.3 million in DC Low Income Housing Tax Credit equity for the rehabilitation of Henson Ridge Apartments Phase I in Ward 8. The $70,994,373 project will involve renovating 124 townhomes, requiring temporary relocation of residents. Construction is set to begin in Spring 2025 and last approximately 28 months. The community will serve residents earning 30 to 60 percent of area median income.
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From $55,000 to $25 Million: The DC Area Housing Market in 2024
In 2024, the DC region saw 49,942 homes sold, a 2% increase from 2023. The median home price reached a record high of $605,000, with 53% of homes selling in 10 days or less. The most expensive home sold for $25 million, while the least expensive was $55,000. Homes sold in the area had a 100% sales price to list price ratio, and 19% were cash transactions. The median home price in DC proper rose 5% to $655,000.
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Got enough space? How apartment sizes in the DC region compare to the rest of the country
New apartments in Washington, D.C. average 745 square feet, reflecting a trend towards smaller living spaces in urban areas. A report from RentCafe ranks D.C. 8th nationally for the smallest new rentals, with a 54-square-foot decrease over the past decade. Baltimore and Arlington also saw declines, averaging 805 and 809 square feet, respectively. In contrast, the average apartment size in the U.S. increased to 908 square feet in 2024, with Seattle having the smallest at 649 square feet.
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