The volume of sales in the DC metro area appears to be cooling down versus last year, coupled with an overall trend of higher prices. We are seeing lower sales than last May but also lower inventory available, which indicates interest rates are still … [Read more...]
More “Balanced” Real Estate Market in the DC Metro Area
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...]
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...]
13 Things That Kill a Home Sale
Maybe you’ve been driving through your neighborhood and saw a house with a For Sale sign out front. But didn’t they take the sign down last week? What happened? Well, while the possibilities are endless as to why the sale fell through on both the … [Read more...]
Property Highlight: 26111 Nimbleton Square
**UPDATE | April 2022** Sold in 48 hours for $630,000 with zero contingencies. This was the highest priced sale on the street to date! Seeking a new home in South Riding? Fresh on the market is this move-in ready end unit townhome located at … [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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