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Washington DC Market Stats

What’s happening in real estate? You know, that depends. Here in DC proper as of August, the average ask price is $831,000, that’s down 8.5% from June, and the average days on market is 99, which is up 17% since June. Does that mean pric...

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What a Fed Rate Cut Could Mean for Mortgage Rates

The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion. The Fed Doesn’t Directly Set Mortgage Rate...

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Builder Incentives Reach 5-Year High

Even with more homes on the market right now, some buyers are still having a tough time finding the right one at the right price. Maybe the layout feels off. Maybe it still needs some updating. Or maybe it’s just more of the same. That’...

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DMV Real Estate Market Update

DMV Weekly Market Update: Sept 15, 2025

Another good week with more new listings. Heads up by the way. Mortgage rates have been trending down these past few weeks. Don’t be surprised to hear your friends talk about improving rates once the FED makes their announcemen...

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What Does $8M Buy You in DC?

What Does $8M Buy You in DC?

What does eight million dollars buy you in DC? We ran the numbers for the DMV and found two sales this past year that sold for around eight million dollars. One was a new build in Bethesda’s Edgemoor neighborhood for $7.8M and the other a...

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DMV Weekly Market Update: Sept 8, 2025

Wow! The fall market inventory rush is here. This week’s new listings are up 130% over last week’s new listings. Just in time for the lower mortgage rates the banks have for today’s buyers. Curious about what we are s...

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History Shows the Housing Market Always Recovers

Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their ho...

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With Matt Cheney
matt(dotted)cheney(at)compass(dotted)com 202.465.0707 DC BR600869
MD 582148
VA 0225101950