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Federal Wages Surge as D.C. Home Sales Soar 20.7%

3/2/2025

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Summary

Story summary

In January 2025, the federal government accounted for 27.5% of wages in Washington, D.C., as employment climbed by 1.7% amid a 5.0% unemployment rate. Home sales skyrocketed by 20.7%, with prices up 15.8%. While apartment inventory grew by 2.9%, office space faced a 17.3% vacancy rate, and tax collections edged up by 1.5%.

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Story summary

In January 2025, the federal government accounted for 27.5% of wages in Washington, D.C., as employment climbed by 1.7% amid a 5.0% unemployment rate. Home sales skyrocketed by 20.7%, with prices up 15.8%. While apartment inventory grew by 2.9%, office space faced a 17.3% vacancy rate, and tax collections edged up by 1.5%.