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...]
What Happened in the February 2023 Metro DC Real Estate Market
February 2023 residential real estate prices were markedly different than February 2022, with interest rates being double what they were last year. Days on market were almost universally higher than last year. Active inventory was also universally … [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...]
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...]
Long & Foster’s Third Quarter 2022 Real Estate Market Update
It’s hard to believe that we’re more than three quarters into 2022 and will soon ring in a new year. After a few years of a hot real estate market, you may wonder what’s happening now - especially if you’re planning to buy or sell a home in the next … [Read more...]
September 2022 Washington DC Metro Area Real Estate Market Stats
In 2020 and 2021, low interest rates, remote working opportunities, and low housing inventory created the perfect storm of buyers flooding into the real estate market. Homes sold quickly and for more than asking price. Recent interest rates rises … [Read more...]
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