DC median home price went from 435k in 2007 to 345k in 2009 and didn’t hit 435k until 2012. Median prices are in the low 700s today.
Detached SFH went from 750k in 2019 to 1.3M in 2022. New detached SFH just don’t get built inside the beltway for DC or NoVa. However, couples making 300k are a dime a dozen.
My guess: Condos will drop 15%, row houses 10%, and SFH drop 5%.
Well I'm in a TH in Fairfax, if it drops 10%, it will put the value of my home about where it was when i bought it a year ago. I won't complain though. Hopefully it will be a while before i sell.