Washington D.C. real estate fears are rising as viral discussions show more homes are hitting the market sparking concerns of a housing bubble. People post pictures of houses on the market claiming more and more residents are fleeing the city. On X, one user claimed that within two weeks more than 4,271 properties appeared in the market while calling it a great migration. Another user assigned responsibility for this exodus to the Elon Musk-backed Department of Government Efficiency (DOGE) claiming its initiatives have created a brain drain. When a screenshot revealed 14,825 homes available in central and surrounding neighborhoods, the community panicked while some said it looked like an evacuation not just market shifts. The luxury market suffers as well with greater than 500 listings above $1M and some homes valued into eight figures. A security think tank senior analyst stated federal policy changes likely cause these real estate market movements. Additional speculation came after numerous home listings appeared on Zillow. A seven-day span saw 201 new listings observed by one user who continued tracking the numbers which climbed to 378 listings over 14 days and reached 706 listings by month’s end before hitting 1,200 listings over 90 days. Washington D.C. currently displays roughly 2,400 active listings . Elon Musk’s xAI Grok AI offered analysis about federal employment policy changes and work-from-home reductions which it believes force federal workers to move. While some say this could just be normal market movement, others see it as signs of bigger problems in the real estate market in Washington DC.
Real Estate Market Turmoil in Washington DC
