The DC-area housing market faces low inventory, with about 2,100 new listings in December, matching a two-decade low. Home prices reached record highs ($620,000 regionally, $720,000 in DC), while pending sales declined. Although long-term interest rates have dropped nearly 100 basis points since January 2025, further reductions to around 5.5%-5.8% are needed to boost buyer activity.
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