Welcome back for your July Market Update (Data from June 2022). Market Trends Home sales are slowing. The number of pending contracts is down 21% compared to last year. This is the largest decline since the spring of 2020 (original covid slowdown). Inventory is increasing in some submarkets, but still decreasing in other markets. This… Continue reading How’s the Market? Is inventory rising? Are prices decreasing?
Mid-way through 2022 – How’s the Market? June 2022 An quick overview In the last year in Washington DC, inventory has increased by 7%, the median list price is up 9%, the median sold price is down 6%, and the sold volume is down 9%. In Montgomery County, inventory is down 9%, median list price… Continue reading Midway through 2022 – How’s the Market, June 2022
Maryland folks, this post is for you. And I hope you appreciated the alliteration in my title. Prices and Inventory The average sales price is up again. It is $484,283, up 11.4% ($434,847 in 2021). The median sales price is also up, $405,000, up 9.5% ($370,000 in 2021). In addition to these higher prices, inventory… Continue reading Might I Mention the Maryland Market? May 2022
These are my preferred service providers who I have worked with on a variety of levels. Many of them have worked on my personal homes. And I have recommended them to various friends and clients over the years. I hope they are helpful to you. Architects and Design Sarah SnoufferThird Street Architecture202firstname.lastname@example.orgMD, DCFull service architectural… Continue reading Preferred Service Providers
Looking back at April 2022 data and results. Here are some quick snap shots: DemandThe Bright MLS T3 Home Demand Index rose to 126 (Moderate demand) since last month. Demand rose for all types of homes, except lower-priced single-family, with the greatest increase in buyer interest in higher-price single-family homes. Inventory conditions changed little over… Continue reading How’s the market?
It’s mid-April and we are finally seeing some nice warm weather (emphasis on some). But how about a market shift? Let’s start by talking about March 2022. The Bright T3 Home Demand Index is 119 or moderate. The median sales price is at the record high from last year (under the high by ~1%). Days… Continue reading How’s the Market? Are we slowing down?