U.S. Census estimates reported just before Christmas showed that, after two years of declines, DC gained about 3,000 residents in 2022, putting the city's population at approximately 671,803. Last week, DC's Office of Planning took a more granular look at who moved in and out of the city.
When interest rates doubled in the second half of 2022, activity in the regional housing market slowed significantly. However, a drop in rates over the last several weeks has spurred a notable uptick in activity.
Ready for some real estate envy? Here are the 11 most expensive homes sold in Washington in 2022, including a Ritz-Carlton penthouse and a 19th-century mansion in Georgetown.
The H Street Corridor once epitomized DC's development boom, but construction activity in the area has now largely moved east of the city's Starburst intersection. That said, two large new residential developments were unveiled for the corridor in 2022.
December was the strongest evidence yet that the DC region is moving back to a buyers market for the first time in years.
