Do you believe that small drop is a result of new development or just a blip in the market? Price increases near me definitely slowed as interest rates increased, but we haven't yet seen a drop. But, as far as I know, this is one of the only walkable areas outside the Beltway, so there's a lot to like if you want to be untethered from a car for much of the week. It's also a relatively affordable area (vs inside the Beltway and some SFH neighborhoods) - my TH 1500sqft (1800 if you include finished basement space) would currently sell for ~$700k. The new-build THs are 2500sqft, with a garage or two, and sell for just over $1 million.