June continued the trend we've seen in recent months, low sales and inventory with higher prices than this time last year. Once again, the effects of the historically low interest rates over the past several years means that many potential sellers … [Read more...]
Prices Remain High as Inventory is Low in South & West Washington DC Metro in August 2023
Generally August prices were higher this year than 2022, the only exceptions being Falls Church and Washington DC. This is again driven by higher interest rates which are preventing existing home owners from moving unless they have to. Why trade a … [Read more...]
June 2023 Washington DC Real Estate is a Conundrum
We are still working with a very strange market compared with a year ago! Prices are holding steady in more markets than not. However, sales are down and inventory is down as sellers hold onto their low interest rate mortgages. Days on market are … [Read more...]
April 2023 – Washington DC Metro Area Real Estate Report
In real estate there are three pillars that dictate desirability of any given building: location, price and condition. In a normal market, if one of these is missing, a property may take some time to sell. In the last few years of abnormally low … [Read more...]
March 2023 Metro DC Real Estate Market is Looking Very Different
The market still feels tight on inventory but active inventory is higher than last year in most markets, Days on the market are universally higher than this time last year, but it still feels like well priced, appropriately maintained homes are … [Read more...]
Washington DC Metro Real Estate Market Finally Slowing Down in June 2022!
If you look at the performance on Wall Street for the first half of the year, it’s the worst since 1970, driven mostly by inflation. Despite being at historically lower numbers, mortgage rates are up to 5.81%. The challenge, as you know, is that … [Read more...]
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