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 prices are dropping? Not really, it could be more affordable homes coming to market. And the days on market, that could be because some houses are overpriced or maybe they need some work.
Give me a call so we can make sense of the numbers out there.