Despite the groundhog seeing his shadow and the fact that I’m watching sleet and snow pile up outside my office window, we’re quickly heading toward March, the spring, and what’s typically a busy real estate season. If you’ve been thinking about jumping into the market as a buyer or seller, this is the place to be for the latest on the market. So buckle up for a trip through … [Read more...] about Will D.C. Real Estate Market See a Spring Surge? Searing demand favors suburbs, but entire region still hot.
Market News
How Will 2020 Impact the Real Estate Market in 2021? The D.C. area market was strong in 2020, and looks pretty good so far in 2021.
After navigating the minefield that was 2020 in so many ways, we thought we’d do a minor post-mortem about the state of real estate as we move into 2021. We routinely take monthly snapshots of the market at DCRegionRealEstateNews.com, and putting them together over time provides a bit more definition than those trends month to month. A rather interesting tidbit about this … [Read more...] about How Will 2020 Impact the Real Estate Market in 2021? The D.C. area market was strong in 2020, and looks pretty good so far in 2021.
Home Buying Shift to Suburban D.C. Continues as We Enter 2021 Inventory tight in Fairfax, Prince William, Prince Georges, and Montgomery counties.
Well, 2020 definitely didn’t go out with a whimper, and the beginning of 2021 looks like the roaring will continue when it comes to real estate in the D.C. region. Demand is high all around, but there’s a continuing trend toward the suburbs as home buyers search for more space and some (slightly) lower prices in the region. While home prices remain robust pretty much … [Read more...] about Home Buying Shift to Suburban D.C. Continues as We Enter 2021 Inventory tight in Fairfax, Prince William, Prince Georges, and Montgomery counties.
Heavy Competition Kicks Off Holiday Season Home Sales Home shoppers looking for more space, lower prices in suburban D.C.
As we move deep into the holiday season—where typically the market slows just a bit—we’re not yet seeing many signs of that this year. On top of that, we continue to see demand shifting slightly toward suburban areas, with inventory nearby the district actually up from last year at this time. Looking at the November numbers from MarketStats by ShowingTime—our local multiple … [Read more...] about Heavy Competition Kicks Off Holiday Season Home Sales Home shoppers looking for more space, lower prices in suburban D.C.
Active D.C. Real Estate Market Enters Fall on Strong Note Advantages for both buyers and sellers alike exist throughout the region.
The combination of limited inventory, high demand, and low interest rates again revealed that benefits exist for both home sellers and buyers as we move toward the winter. But one thing is certain, if you’re seriously looking to purchase, you’d better be ready to pounce. According to SmartCharts MarketStats by ShowingTime, for sellers in every jurisdiction we follow, average … [Read more...] about Active D.C. Real Estate Market Enters Fall on Strong Note Advantages for both buyers and sellers alike exist throughout the region.
