|917 Kennedy St, NW|
917 Kennedy St, NW was a 4 bedroom, 3.5 bath house listed for $339,700. There was a price reduction to $329,700 and it sold in 26 days at $320,000. The final result was about 5.5% off list price.
|1626 Oak St, NW|
1626 Oak St, NW was a 3 bedroom, 2 bath house listed for initially for $475,000. There was a price reduction to $469,000 and it sold in 22 days for $458,600. The sold price was close to 3.5% off list.
In general, DC buyers are able to negotiate 3-5% off the list price if the property has been on the market for over two weeks. If the a property is hot (under contract in 0-7 days), the buyer's negotiating power is weaker.