The October Real Estate market remained interesting due to the effects of higher interest rates, with some unusual combinations of trends. Specifically sales were lower and days on the market were higher than last October in virtually all markets … [Read more...]
Summer 2022 Washington DC Metro Real Estate Market – What is Going On in Your Area?
The market is feeling the effects of recent interest rate increases - as I write this in September 2022, rates are currently double what they were in January 2022. Price increases have slowed down somewhat, but they certainly aren't showing any … [Read more...]
Washington DC Metro Real Estate Market Finally Slowing Down in June 2022!
If you look at the performance on Wall Street for the first half of the year, it’s the worst since 1970, driven mostly by inflation. Despite being at historically lower numbers, mortgage rates are up to 5.81%. The challenge, as you know, is that … [Read more...]
December 2021 DC. MD, VA and WV Real Estate Statistics Are Still Erratic
The main trend was that all markets saw price increases over December 2020 with the exception of Alexandria and Manassas Park City in VA. In most markets the volume of sales and active inventory were lower than the previous year, major exceptions … [Read more...]
Continued Tight Market in March in the DC Metro Area
Prices increased over last year in every market except Falls Church City, sales volume was down in every area except Manassas City and days on market decreased everywhere except Fauquier County. These three are all relatively small markets, so not … [Read more...]
February 2020 Real Estate Trends are Strange !?!
February was a strange month, statistically speaking. In many locations the spring market felt like it started in January, possibly due to the weather. Generally inventory was significantly tighter leading to also lower days on the market and … [Read more...]
