Welcome to our monthly post of home sale statistics for our region and some hyper local markets! Below you will find the numbers for April.
Please call or text The Belt Team at (703) 242-3975 or email email@example.com to discuss in more detail what is happening in your market or if you are interested in buying and/or selling…we’d love to hear from you!
OVERALL: The Mid-Atlantic Region remains in a Seller’s Market. However, the trend continues to be the difference between inventory and demand in the upper-end price points (“luxury”) vs the more affordable segments (“starter & trade-up market”).
- Inventory continues to rise in the luxury and premium home markets which is causing prices to cool. ‘
- Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis.
If you are thinking of selling, now may be the time! Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price! So, contact us NOW (703-242-3975) to make sure you are working with an agent that will provide you with the data you need to make good decisions. The reality is that Buyers & Sellers who are successful in today’s market look at the data and act accordingly.
Let’s take a deeper dive into the numbers of our local market areas, and see where this trend continues…
To see what the conditions are like in your community, click on the link to your desired city below!