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Woodmoor, Silver Spring

Have you heard of the Woodmoor neighborhood in Silver Spring? If not, have you heard of Four Corners? Four Corners is the intersection of Colesville Rd and University Blvd. The shopping plaza at that intersection is, in fact, called the Woodmoor Shopping Plaza and is our local spot for Starbucks, CVS, and Chipotle. One of… Continue reading Woodmoor, Silver Spring

How’s the Market? Nov 2022

Welcome back to my monthly blog “How’s the Market?” This is our Nov 2022 blog post which uses Oct 2022 data. First let’s start with a look at where we are compared to where we were in 2019, 2020, and 2021. Inventory One of the top items that we are all watching — Inventory. DC… Continue reading How’s the Market? Nov 2022

This time is different?

Let’s go back in time. In 2008, people were worried about losing their home in a foreclosure. A lot of homes hit the market, but there were not enough people to purchase them, and prices fell. 2008 is different. The housing bubble was a big factor in the actual recession itself. That is not the… Continue reading This time is different?

Downtown Silver Spring Neighborhood Tour

Hi, I’m Hannah Clancy-Thompson. I live in Silver Spring and I would love to tell you more about why I chose this unique community to call home. Silver Spring is part of Montgomery County and is located right outside the DC line. I chose to live in Silver Spring because I wanted to be close… Continue reading Downtown Silver Spring Neighborhood Tour

How’s the market? Oct 2022

How’s the Market? Welcome back to my monthly series “How’s the market?” where we talk about the current state of the market in the DC metro area. These are the September 2022 stats. Let’s check in on interest rates In June we were seeing rates around 6%. Since then the Federal fund rate has gone… Continue reading How’s the market? Oct 2022

Hello Fall Market!

Welcome back to this September edition of my “How’s the Market?” series. This data is the Aug 2022 data. The Fall season is officially here! What are we seeing?  There is a big cooling from this time last year, but that was a rare market. We are still doing better than Aug 2019. Inventory There… Continue reading Hello Fall Market!

How’s the Market? Is it a buyer’s market now?

Welcome back to my monthly series – “How’s the Market?” This is the August 2022 edition which covers July 2022 data. OVERALL MARKET PREDICTIONS: Where are we going for the rest of 2022 into 2023 Overall, expect the housing market activity to continue to slow through the second half of 2022 and into early 2023… Continue reading How’s the Market? Is it a buyer’s market now?

How’s the Market? Is inventory rising? Are prices decreasing?

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?

Midway through 2022 – How’s the Market, June 2022

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

Might I Mention the Maryland Market? May 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