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...]
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...]
May 2021 Metro-DC Real Estate Market Continues to be Mercurial!
The trend seen in recent months continues. Prices are still rising across the region and sales volumes are higher than this time last year. In most areas this is leading to less inventory and less days on the market. The exceptions are generally the … [Read more...]
February 2021 DC Metro Real Estate Market – I Felt It But The Numbers Don’t Lie!
For several months it has seemed like I have been working with an unusually high number of buyers wanting to move away from DC/ dense areas of MD and VA to more rural settings in MD, VA and WV. It seems like everything between an hour and two hours … [Read more...]
About the PenFed Realty Makeover Advantage
Sometimes when you are trying to sell a home you may need to make some upgrades or repairs. This can be as minor as improving the hardware, or more substantial replacing a worn out roof or upgrading an aging deck. If you don’t have the funds to … [Read more...]
