- January 2022 Market Update With Christopher Prawdzikby Angela Logomasini on January 23, 2022 at 6:49 pm
Continue reading January 2022 Market Update <small class="subtitle">With Christopher Prawdzik</small> at DC Region Real Estate News.
- Real Estate Market Spotlight for Zip Code 22308 South Alexandria Homes Selling fast with the Average Price Topping a Million Dollarsby Angela Logomasini on January 18, 2022 at 11:55 pm
During the past year, the real estate market has been hot throughout the entire DC metro region. Let’s take a close look at just one zip code: 22308, which is located within the Fairfax County part of Alexandria just north of George Washington’s Mount Vernon. If you live within that zip code, your home may be worth more than a million dollars and is likely to sell quickly. Data from BrightMLS reveals that the 2021 market was indeed hot for 22308, and the heat is on for 2022 as well. Continue reading Real Estate Market Spotlight for Zip Code 22308 <small class="subtitle">South Alexandria Homes Selling fast with the Average Price Topping a Million Dollars</small> at DC Region Real Estate News.
- Strong Sellers’ Market Throughout Region in 2021 How might market forces influence the coming year?by Christopher Prawdzik on January 17, 2022 at 10:19 pm
Limited inventory drove pretty much all of the 2021 real estate market, but how might internal and external market forces influence 2022? It’s tough to say at this point. If interest rates remain low—they’re around the 3.6 percent and have crept up in the past few months—and inventory remains as tight as it’s been the past couple of years, we may see a continuation of the recent past. But if factors such as high inflation can have significant impact on the market. Continue reading Strong Sellers’ Market Throughout Region in 2021 <small class="subtitle">How might market forces influence the coming year?</small> at DC Region Real Estate News.
- Stellar Year Wrapping Up for Home Sellers High inflation and uncertainty still looms as we head toward 2022.by Christopher Prawdzik on November 29, 2021 at 7:02 pm
Though still very much a seller’s market, buyers saw some easing in October, particularly in Prince William and Prince Georges counties, but overall, prices are moving in all sorts of directions. We tend to see market adjustments throughout the year, but add some external financial influences, and the “whys” tend to vary. Compared to October 2020, average home sale prices last month were up 5.1 percent in Arlington and Washington, D.C.; 14.3 percent in Fairfax County; 10 percent in Prince William County; 10.7 percent in Prince Georges County; and 6.4 percent in Montgomery County. Continue reading Stellar Year Wrapping Up for Home Sellers <small class="subtitle">High inflation and uncertainty still looms as we head toward 2022.</small> at DC Region Real Estate News.
- Low Supply Fuels Ever-Present Sellers’ Market Demand in Prince William and Prince Georges leads region.by Christopher Prawdzik on September 15, 2021 at 2:17 pm
Year-over-year home prices continue to climb throughout the region, with healthy average price increases tallied in August over August 2020 everywhere from D.C. to the far reaches Prince Georges county. Month-to-month is always a bit different, though. From July to August of this year, Montgomery and Prince Georges counties prices rose about 1 percent, while Arlington County dropped 6 percent, Alexandria dropped 9 percent, Fairfax City and Prince William Counties dropped 3 percent, and D.C. Continue reading Low Supply Fuels Ever-Present Sellers’ Market <small class="subtitle">Demand in Prince William and Prince Georges leads region.</small> at DC Region Real Estate News.
- Lacking Inventory and Inflation Shaping D.C. Real Estate Market Surrounding counties remain in high demand.by Christopher Prawdzik on August 20, 2021 at 9:19 pm
Suburban D.C. home sales remain red hot as we move into the waning days of summer, and sales and prices closer to the District remain strong as well. The unfolding challenge as the year closes, however, is how rising inflation and higher interest rates might impact the market. Average Washington, D.C., home prices were $821,126 in July, down from an average of $885,802 in June, but they were still 4.4 percent higher than they were in July 2020. Continue reading Lacking Inventory and Inflation Shaping D.C. Real Estate Market <small class="subtitle">Surrounding counties remain in high demand.</small> at DC Region Real Estate News.
- Spotlight: Alexandria City Remains a Real Estate Hot Spot Sellers reap rewards as prices rise, while buyers see a bit more inventory.by Christopher Prawdzik on July 14, 2021 at 4:27 pm
As we’ve noted for months, Alexandria City, which includes Old Town, continues seeing high home sale prices, limited inventory, and stiff competition for some of the most sought-after homes in the region. At the same time, interest rates remain low and inventory has increased a bit, possibly incentivizing buyers to stay in the game and find their next dream home. In June, average Alexandria City home sale prices were at $701,302, according to MarketStats by ShowingTime. Continue reading Spotlight: Alexandria City Remains a Real Estate Hot Spot <small class="subtitle">Sellers reap rewards as prices rise, while buyers see a bit more inventory.</small> at DC Region Real Estate News.