Inventory continues to be tight in the DC market, making it a challenging time for buyer, and prices are containing to rise. On a positive note, interest rates are likely to continue dropping and the labor market is very strong with both wages and job numbers increasing, which will go a long way to helping buyers. Sellers who price their homes based on market trends are … [Read more...] about DC Metro Home Prices Hit all Time High
Market News
DC Home Prices Continue Their Ascent
The Real Estate Business Intelligence reports: Rockville, MD – (June 11, 2019) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on May 2019 Bright MLS housing data. OVERVIEW The May 2019 Washington D.C. Metro area median home price of $480,000 was up 3.2% … [Read more...] about DC Home Prices Continue Their Ascent
Optimism about the Local Real Estate Market: Focus on S. Alexandria
With the New Year in full swing, home owners and potential buyers may be wondering what’s going on in the real estate market. Our local Bright MLS does a regular analysis of market trends. Overall, it reveals that the D.C. metro market remains strong, but the number of homes and eventual sales remain low, particularly when compared to the very hot market of the early … [Read more...] about Optimism about the Local Real Estate Market: Focus on S. Alexandria
March 2016 DC Region Real Estate Market Data
According the latest report from Real Estate Business Intelligence (RBI), overall home prices in the D.C. Metro area were nearly the same (just 0.3 percent less or 399k rather than 400k) this past March compared to March 2015, but both listings and sales volume are up. With interest rates at historic lows, both increased inventory and stable prices are good news for sellers and … [Read more...] about March 2016 DC Region Real Estate Market Data
All-Cash Home Sales Climb in Arlington, Remain Steady in Alexandria
Over the past 10 years, the number of all-cash home purchases has increased nearly 5 percent in Arlington, with year-to-date all-cash sales (through October 2019) coming in at 18.4 percent. Combine that with limited inventory, rising home prices, and the Amazon headquarters growth, and you’ve got the potential for an increasingly challenging and competitive homebuyer market in … [Read more...] about All-Cash Home Sales Climb in Arlington, Remain Steady in Alexandria
