What can you expect to see in 2023? Well we don’t have a crystal ball, but let me gather together some of the important facts and trends so that you know what to expect in 2023. How Does the Economy Look? The US GDP is up, unemployment is down (down to 3% or pre-pandemic level),… Continue reading Housing Outlook 2023 – What can you expect?
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Tag: inventory
What are Price Expectations?
In my last post, I started our discussion on Understanding Pricing a house. The initial starting point is understanding the cyclical and seasonal nature of the real estate market. In this blog post, we are going to start drilling down. What are the price expectations? Are prices going up or down? Let’s start with… Continue reading What are Price Expectations?
Looking Back: DC Q3 Real Estate
DC Q3 Real Estate | September data is in, so let’s look back at the third quarter real estate market in several DC neighborhoods. The fall DC market started well with the highest September sales activity since 2006. Median sales prices are up and inventory is increasing (while inventory growth is slowing). Probably the most… Continue reading Looking Back: DC Q3 Real Estate
Looking Back at the Summer: Supply and Demand in DC
Supply and Demand in Washington DC (city, not region) – Our fall real estate market began at Labor Day. Looking back at the last six months, you can see that supply (the blue bar) has stayed under 2 months. What does this mean? If no new listings came on the market, this is how long it… Continue reading Looking Back at the Summer: Supply and Demand in DC