Why So Many Homes Are Being Pulled Off the Market in Washington, DC
By Shantée Haynes | AHWD, C2EX, Helping the DMV On The Move...
(Berkshire Hathaway HomeServices PenFed Realty | Washington, DC )
📍 Understanding the Surge in Expireds and What It Means for Sellers and BuyersThere’s a shift happening across the Washington, DC real estate market—and it's not just about prices or interest rates. A growing number of homes are being pulled from the market altogether, many after sitting unsold for weeks.In fact, across major U.S. cities, expired listings have surged nearly 50% year-over-year. Here in the DC metro area, sellers are backing out of the market at the fastest rate since the height of the pandemic. Why? Most are chasing prices that buyers are no longer willing to pay.Sellers Still Expect 2022 Prices — But It’s a Different Market NowMany homeowners are listing their properties based on what their neighbor got two years ago. The problem? Today’s buyers are shopping with 2025 w...
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