The number of active listings of homes for sale in the District of Columbia area jumped by 25.1 percent in April, year-over-year, according to real estate brokerage Redfin.
It is the “largest gain on record,” the company stated. Active listings are at their highest level since 2022, Redfin said.
Redfin attributed the jump in housing inventory to the Trump administration’s efforts to reduce the federal workforce, and highlighted that federal jobs make up 11 percent of all jobs in the region.
“Quite a few people in D.C. are selling their homes because they’re losing their jobs,” said Redfin Premier real estate agent Mary Bazargan….