We finally seem to be back to a relatively balanced market based on January 2023 real estate statistics in the DC metro market. We are significantly lower in sales since January 2022, prices are generally higher but active inventory and days on … [Read more...]
Metro D.C. Area Real Estate Statistics – November 2022
I'm doing things a little differently this month because I've never seen market stats like these before. I decided to color code them red for stats that went down, green for stats that went up and black for stats that didn't change from last year and … [Read more...]
The October 2022 Real Estate Market in the Washington DC Metro Area
The October Real Estate market remained interesting due to the effects of higher interest rates, with some unusual combinations of trends. Specifically sales were lower and days on the market were higher than last October in virtually all markets … [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...]
The March 2022 DC, Eastern MD, NoVA, WV Panhandle Real Estate Market
Recently the question on everyone's lips is "are we at the top of the market"? Mortgage loan rates have gone up 50% in the last few months, and I'm seeing rates in the low 5% range for people even with excellent credit. However, personally I don't … [Read more...]
December 2021 DC. MD, VA and WV Real Estate Statistics Are Still Erratic
The main trend was that all markets saw price increases over December 2020 with the exception of Alexandria and Manassas Park City in VA. In most markets the volume of sales and active inventory were lower than the previous year, major exceptions … [Read more...]
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