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.
Market News
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?
D.C Area Real Estate Market Remains Strong, Despite COVID-19
If D.C. real estate watchers expected a dramatic dip in home sales and a slowing market in March, it didn’t materialize according local sales data from MarketStats by ShowingTime. Of course, market indicators likely will lag a bit, and dramatic changes could be on the horizon for April and May in particular, but March numbers revealed a continuing trend toward robust sales … [Read more...] about D.C Area Real Estate Market Remains Strong, Despite COVID-19
Momentum Strong for D.C. Spring Real Estate
Don’t blink, because you just might miss that dream home. At least that’s the case for much of the D.C. region’s home selling market. For sellers, we’re seeing prices on the increase, and inventory still is low as we move toward spring. For buyers, you’re looking at historically low interest rates that can make it a bit more comfortable as you analyze the market’s prices. So, … [Read more...] about Momentum Strong for D.C. Spring Real Estate
What Does the Fed Rate Drop Mean for Homebuyers?
As global markets reel from the coronavirus outbreak, the Federal Reserve slashed the federal funds rate by 1 percent March 15, bringing the rate to virtually zero. Does that mean mortgage rates will hit such lows as well? No. Mortgage interest rates are impacted more by the bond market, not the Federal Reserve. Even before Sunday’s rate cut, mortgage and refinance … [Read more...] about What Does the Fed Rate Drop Mean for Homebuyers?
