1245 ET - Active listings of homes for sale in Washington, D.C., jumped 25.1% year-over- year, to the highest level since 2022, during the four weeks ending April 27, Redfin says. That's the largest gain on record. By comparison, active listings nationwide rose 14.2%--the smallest increase since March 2024. New listings in Washington, D.C. increased 11.4% year-over-year to the highest level since 2022--nearly double the national gain of 5.8%. "Quite a few people in D.C. are selling their homes because they're losing their jobs," says Redfin. Many of those people are planning to leave the area because the cost of living is high, and they want a new job that allows them to work remotely and be closer to family, according to Redfin. Homes in the D.C. area are selling faster and prices posting larger increases than the rest of the U.S. market, Redfin says. (chris.wack@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 12:45 ET (16:45 GMT)
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