Our region's real estate market continues to roar as evidenced by how commonplace it is for homes to garner multiple bids—and some homes get far more than a few bids. In one case we recently experienced, a home received more than 30 bids, and nearly a dozen buyers conducted home inspections even before placing offers. The final price was more than 30 percent higher than the … [Read more...] about Blinding Fast Home Sales Dominate D.C. Region Buyers run to suburbs as prices are up across the board.
days on market
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.
It’s a Jungle Out There: Local Home Buyers Tackle the Amazon Effect
Certain real estate realities might be deemed cliché because we hear of them so often, but a closer look at one in particular reveals it’s simply the best adage for the state of affairs in the D.C. region. As we open lockboxes on doors from the far reaches of Fairfax or Montgomery County to the heart of D.C., the one stark reality is the influence of “location, location, … [Read more...] about It’s a Jungle Out There: Local Home Buyers Tackle the Amazon Effect