The Real Deal
•
06/02/2025
DOGE cuts destabilized DC condo markets
Mark Meyerdirk expected multiple bids on a two-bedroom condo he was selling in the Cleveland Park neighborhood of Washington, DC, earlier this year.
But Meyerdirk, the owner of Urban Brokers, got exactly one offer, though at least it was at asking.
This made him happy, though it displeased the owner of a neighboring unit who told Meyerdirk the $400,000 price tag was too low and would undermine the value of his apartment.
“I said, ‘do you know what’s going on with the market?’” Meyerdirk said....