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 … [Read more...] about Low Supply Fuels Ever-Present Sellers’ Market Demand in Prince William and Prince Georges leads region.
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Demand, Higher Prices Dominate the May D.C. Real Estate Market Limited inventory continues fueling suburban competition.
Home prices continued their upward trajectory throughout the region in May, but Fairfax, Prince William, Montgomery, and Prince Georges counties are winning the prize as most competitive. With low inventory, stiff competition, and rising prices in May, it’s making a lot of sellers happy but has been a bit frustrating for buyers. A bright spot for buyers—despite rising … [Read more...] about Demand, Higher Prices Dominate the May D.C. Real Estate Market Limited inventory continues fueling suburban competition.
Are We at the Top of the D.C. Real Estate Market? April numbers have sellers on top and buyers chomping at the bit.
No one can tell you with certainty when we're at the top of the market. The best we can do is follow trends as closely as possible and then look at certain indicators on the horizon that might tip us off to where we're going next. But if D.C. region home sellers ever wanted a period of time when prices were up, inventory low, and buyers stumbling over themselves to beat out the … [Read more...] about Are We at the Top of the D.C. Real Estate Market? April numbers have sellers on top and buyers chomping at the bit.
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%