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.
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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.
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?
D.C. Area Ranks High for Livability … and Traffic
Last year, Business Insider ranked the nation’s capital as one of the best places to live in America (Washington, D.C. ranked 19), offering a robust job market and great communities. But such desirability attracts population, and that often means more traffic. So it was no surprise D.C. also ranks fifth among the most congested U.S. cities. But according to INRIX Research in … [Read more...] about D.C. Area Ranks High for Livability … and Traffic