Well, 2020 definitely didn’t go out with a whimper, and the beginning of 2021 looks like the roaring will continue when it comes to real estate in the D.C. region. Demand is high all around, but there’s a continuing trend toward the suburbs as home buyers search for more space and some (slightly) lower prices in the region. While home prices remain robust pretty much … [Read more...] about Home Buying Shift to Suburban D.C. Continues as We Enter 2021 Inventory tight in Fairfax, Prince William, Prince Georges, and Montgomery counties.
market update
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.
July Housing Inventory Surges in Alexandria and Arlington
For the first time in months, the number of homes sold throughout the region was higher in July than the same month in 2019, according to MarketStats by ShowingTime—statistics from Bright MLS, our local multiple listing service. It’s quite a change from the early months of the year, when the shutdown from COVID-19 affected more individuals than the virus itself. Fortunately, … [Read more...] about July Housing Inventory Surges in Alexandria and Arlington
January 2019 vs. 2020: How Arlington’s Avg. Home Sale Price Jumped 47%
Combing over January’s area home sale stats from SmartCharts MarketStats by ShowingTime, I’ve become accustomed to seeing higher home prices across the region compared to the same month in the previous year. With low inventory and some eager buyers, it’s not surprising at all. These conditions make for quite a strong and competitive sellers’ market. Even so, as I wandered into … [Read more...] about January 2019 vs. 2020: How Arlington’s Avg. Home Sale Price Jumped 47%