Posts Tagged ‘Market Update’
Monday Market Update: July 3, 2023
Happy 4th of July! We had anticipated a pause for the long weekend and the new listings confirm our expectation. New offerings dropped 8 percent from last weeks report. Not a surprise while folks take a moment to rest and rel...
What’s Going on with the Luxury Market in D.C.?
What’s going on in the luxury market? Well in DC, Arlington, Alexandria, Montgomery, and Fairfax a $2M priced home is becoming normal. Four years ago, before the pandemic, June 2018 to June 2019, 430 homes sold between $2M and $3M and...
Monday Market Update: June 26, 2023
It’s Monday folks! Time for our Weekly Market Update for the DMV. For us that means DC, MoCo, Fairfax, Arlington and Alexandria. Yes, we have Falls Church in there too. And what are we seeing….well the summer market is up...
A Drop in Equity Doesn’t Mean Low Equity
You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, e...
Monday Market Update: June 19, 2023
Happy Freedom Day, Juneteenth! We ran the weekly housing numbers today, as we do every Monday, and the market appears to have settled in at a post-memorial day pace. Newer listings are coming online at a reduced volume from a ...
Monday Market Update: June 12, 2023
Housing supply shrank this past week. You ask what we mean. Well…in the three categories we measure, total active listings when compared to the most recent month of sales (i.e. Months of Inventory measurement) we saw a shrinkin...
Monday Market Update: June 5th, 2023
More good news! New listings entering the market this past week are back above the 800-unit threshold We like it…and are ready for more. Now if only the FED would ease up a bit so these rates can get back to a little bit of ...
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 stron...