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Monday Market Update: May 22, 2023

We have good news! New listings entering the market this past week jumped 8%. Yeah! But wait…months of inventory shrank 4%.

Our take, more listings are needed and will sell quickly. From our experience we are still seeing strong demand, but sellers should expect one or two great offers and less the multi-bid drama we were seeing this time last year.

Curious what’s happening in the neighborhoods you care about? Contact Matt today for more info, not all neighborhoods are experiencing the same market conditions, find out why, Matt knows.

Matt Cheney

Washington Fine Properties
M: 202-465-0707
e: [email protected]
Website – https://www.mattsold.com
Facebook -https://www.facebook.com/MattCheneyRe…
Instagram -https://www.instagram.com/matt.cheney/
Twitter – https://twitter.com/MatthewCheney

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