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.
real estate
Let’s Make a Deal: Tips for Sellers with Offers in Hand Don't accept anything until you read this!
In this wild D.C. region market, many home selling scenarios often unfold in the following way: You list your home on Thursday, have an open house on Sunday, and by Monday you have multiple contracts on the home. Now all you have to do is pick the highest offer and you’re done, right? Well, not really. It’s not just a matter of choosing the “highest offer.” It’s a matter … [Read more...] about Let’s Make a Deal: Tips for Sellers with Offers in Hand Don't accept anything until you read this!
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?
Community Superstar: Wine, Art, Inspiration at Wine Gallery 108
OLD TOWN—Just steps into the wine shop at 108 N. Patrick Street, you’re hit with splashes of vibrant color that quickly indicate Wine Gallery 108 is much more than a wine shop. It’s an experience that Lisa Katic began a little more than two years ago. Where else can you browse the handcrafted gifts, contemplative paintings around every corner, and experience the color, flavor, … [Read more...] about Community Superstar: Wine, Art, Inspiration at Wine Gallery 108
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