Housing Inventory Is Plunging in D.C. as Amazon Moves In
- Supply dropped 20% in January from prior year, Zillow says
- The area is bucking a nationwide trend toward more listings
This article is for subscribers only.
After years of steeply rising prices and tight supply, U.S. homebuyers are getting a bit of relief. The inventory of houses on the market has climbed nationally for four out of the last five months, according to a report from Zillow.
One glaring exception to the trend: Washington, D.C. Listings there plunged 20 percent in January from a year earlier, Zillow said, marking a third straight month of double-digit declines.