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Monday Market Update: May 8, 2023


The Weekly numbers are in!

New listings jumped 13% when compared to last week’s.

Well, that’s good news. You ask, what was total inventory like a year ago? Funny you should ask. We pulled up the numbers from our report from the 9th of May 2022 and overall inventory is 10% lower than what it was this same time a year ago.

And last year we were talking about inventory being low. Overall listings are roughly 25% lower than where we would like them to be.

What is the solution? Tell your friends who are thinking about selling their houses to give Matt a call for a confidential listing consultation. Remember we at Cheney and Co are here for you!

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