WASHINGTON — The D.C. metro housing market is showing signs of cooling as new listings rise and sellers begin to negotiate more on price, according to new data from Zillow.

The typical home value in the Washington region is about $570,000, up 4.5% from a year ago and more than 30% higher than before the pandemic. New listings have climbed nearly 21% compared to last year, while total inventory has increased about 20%. Even so, inventory remains roughly 44% lower than before 2020.

Homes in the region are selling in about 16 days on average, faster than before the pandemic, but Zillow says more sellers are offering concessions or small price cuts to reach buyers.

Zillow Senior Economist Orphe Divounguy said the slowdown in housing activity is linked to the broader economy.

“We forecasted

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