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Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are facing. Existing-home sales declined 4.9 percent from December 2024 to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors (NAR) said in a news release on Friday, Feb. 21. The median home price climbed 4.8 percent year-over-year to $396,900, the highest amount ever in a month of January. In the Northeast, sales fell 5.7 percent from December to an annual rate of 500,000 homes, though they increased 4.2 percent from January 2024. The m…

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by Chris Spiker
Real Estate
'Creating A Castle:' Rare Georgetown Condo Sells For 23 Percent Over Asking Price 'Creating A Castle:' Rare Georgetown Condo Sells For 23 Percent Over Asking Price
'Creating A Castle:' Rare Georgetown Condo Sells For 23 Percent Over Asking Price A homeowner who fell in love with a unique condo in Georgetown just had to have it — for $260,200 over asking price. The condo at 1527 30th St. NW in Washington, DC was initially listed for $1.098 million, listing agents Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties said. But the smitten buyer went above and beyond for the two-bedroom, two-bathroom property, which closed at $1.36 million, or 23 percent over asking, the listing agents said. "In this super tight inventory marketplace in DC, it's not uncommon to …

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by Zak Failla