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 News
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
Limited Inventory Still Boosting D.C. Area Home Prices Check out these 10 things home sellers should do before their home's photo session.
If you’re thinking about selling and want to enter an atmosphere of high demand, now is as good a time as any throughout the region. Throughout the entire Mid-Atlantic region, there were 22,169 fewer properties on the market last month than in May 2019. This 33 percent drop in properties on the market is reflected, for the most part throughout the D.C. region. Prices are also … [Read more...] about Limited Inventory Still Boosting D.C. Area Home Prices Check out these 10 things home sellers should do before their home's photo session.
How Has COVID-19 Affected D.C. Region Real Estate?
Home sales data from April across the D.C. region indicate a tightening of a market with low inventory, while home prices continue to rise over last year. Data from BrightMLS, the area’s local multiple listing service, shows a substantial drop in the number of units sold in April compared to April 2019 for most jurisdictions, possibly indicative of a wait-and-see attitude among … [Read more...] about How Has COVID-19 Affected D.C. Region Real Estate?
