Limited inventory drove pretty much all of the 2021 real estate market, but how might internal and external market forces influence 2022? It’s tough to say at this point. If interest rates remain low—they’re around the 3.6 percent and have crept up in the past few months—and inventory remains as tight as it’s been the past couple of years, we may see a continuation of the … [Read more...] about Strong Sellers’ Market Throughout Region in 2021 How might market forces influence the coming year?
Market News
Stellar Year Wrapping Up for Home Sellers High inflation and uncertainty still looms as we head toward 2022.
Though still very much a seller’s market, buyers saw some easing in October, particularly in Prince William and Prince Georges counties, but overall, prices are moving in all sorts of directions. We tend to see market adjustments throughout the year, but add some external financial influences, and the “whys” tend to vary. Compared to October 2020, average home sale prices … [Read more...] about Stellar Year Wrapping Up for Home Sellers High inflation and uncertainty still looms as we head toward 2022.
Low Supply Fuels Ever-Present Sellers’ Market Demand in Prince William and Prince Georges leads region.
Year-over-year home prices continue to climb throughout the region, with healthy average price increases tallied in August over August 2020 everywhere from D.C. to the far reaches Prince Georges county. Month-to-month is always a bit different, though. From July to August of this year, Montgomery and Prince Georges counties prices rose about 1 percent, while Arlington County … [Read more...] about Low Supply Fuels Ever-Present Sellers’ Market Demand in Prince William and Prince Georges leads region.
Lacking Inventory and Inflation Shaping D.C. Real Estate Market Surrounding counties remain in high demand.
Suburban D.C. home sales remain red hot as we move into the waning days of summer, and sales and prices closer to the District remain strong as well. The unfolding challenge as the year closes, however, is how rising inflation and higher interest rates might impact the market. Average Washington, D.C., home prices were $821,126 in July, down from an average of $885,802 in … [Read more...] about Lacking Inventory and Inflation Shaping D.C. Real Estate Market Surrounding counties remain in high demand.
Spotlight: Alexandria City Remains a Real Estate Hot Spot How might rising inflation and higher prices affect the region’s real estate future?
As we’ve noted for months, Alexandria City, which includes Old Town, continues seeing high home sale prices, limited inventory, and stiff competition for some of the most sought-after homes in the region. At the same time, interest rates remain low and inventory has increased a bit, possibly incentivizing buyers to stay in the game and find their next dream home. In June, … [Read more...] about Spotlight: Alexandria City Remains a Real Estate Hot Spot How might rising inflation and higher prices affect the region’s real estate future?
