When tracking the real estate market, people often ask us: Is it a buyer’s market or a seller’s market? Right now, trends suggest that there’s good news for both. Prices are up for sellers throughout the D.C. region, while inventory for buyers has also opened up in some markets. Along with drastically low interest rates, buyers are looking still more positive news. One … [Read more...] about Who’s Winning and Losing in D.C.’s Real Estate Market? Low inventory and low interest rates help both buyers and sellers.
Market News
Market Shift: Inventory Increase in Alexandria, Arlington, D.C. Prices up across the board as surrounding counties sell like hotcakes.
Are homeowners in or near Washington, D.C. beginning a migration away from the big city in exchange for the open spaces in surrounding counties? It’s difficult to detect a definite trend at this point, but August real estate inventory could suggest a bit of a shift. It’s been an emerging trend over the past few months. Inventory of available homes for sale in August for … [Read more...] about Market Shift: Inventory Increase in Alexandria, Arlington, D.C. Prices up across the board as surrounding counties sell like hotcakes.
July Housing Inventory Surges in Alexandria and Arlington
For the first time in months, the number of homes sold throughout the region was higher in July than the same month in 2019, according to MarketStats by ShowingTime—statistics from Bright MLS, our local multiple listing service. It’s quite a change from the early months of the year, when the shutdown from COVID-19 affected more individuals than the virus itself. Fortunately, … [Read more...] about July Housing Inventory Surges in Alexandria and Arlington
Market Update: Low Inventory Stokes D.C. Area Seller’s Market
As home prices remain steady or a little higher over last year at this time, inventory is still drastically down throughout the D.C. real estate region, bolstering a now longstanding seller’s market. Different parts of the region appear to be competing for the lowest inventory, with Prince William County getting the top prize for June, as inventory was down about 60 percent … [Read more...] about Market Update: Low Inventory Stokes D.C. Area Seller’s Market
Home Buyers Remain Active During COVID-19, with Revised Goals
In the wake of the COVID-19 crisis, home buyers have not given up on the dream of home ownership, but many have modified their parameters, according to a survey conducted by our regional muliple listing service (MLS). Bright MLS polled 95,000 real estate professionals in Delaware, Maryland, New Jersey, Pennsylvania, Virginia, Washington, D.C., and West Virginia to glean their … [Read more...] about Home Buyers Remain Active During COVID-19, with Revised Goals
