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...]
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...]
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...]
