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Weekly Market Update: December 27, 2023

Apologies for our delayed weekly market report. We were figured many were with family and friends for Christmas and Boxing Day.

For this week (past 7 days) we have seen a further contraction of the market with supply constraining.

Sounds like the buyers have been busy buying Christmas and end of year gifts for their loved ones.

It also feels like the tide going out just before a huge wave of new listings in the New Year. With rates trending down and many sellers tired of waiting we anticipate a robust and fast start to 2024.

Thinking of buying or selling in the New Year? Give Matt a call. He’s always here for you.

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