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...]
April 2024 Metro Washington DC Real Estate Market – Still Low Inventory!
April's real estate market in the DC Metro continued the trends we've been seeing since interest rates were increased - namely lack of inventory therefore higher prices in most areas. Sales and days on the market varied somewhat, with a slight … [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...]
Washington DC Metro Real Estate Market Continues to be Turbulent!
In July, almost all markets had less inventory with the exclusion of some markets with generally low sales, so not statistically significant. Loudoun County remains the most expensive county, despite Fairfax posting an 8% price increase over last … [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...]
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