On Sunday, Jamie Smith Hopkins welcomed The Baltimore Sun’s readers to the “post-bubble, post-bust housing market.” What does she mean by that? It’s an awkward situation where buyers like our client David Igla enter what they assume to be a buyer’s market—a logical assumption given that we are just getting out of an economic recession… Read More
If there was ever any doubt in your mind that we’re in a seller’s market, the latest Fairfax County stats should put it to rest. As we finished off the month of March, the Fairfax County market was down to just about a two months’ supply of homes for sale. Brace yourselves as we break… Read More
There’s no longer a newsflash regarding the massive inventory shortage in the District of Columbia. “I feel like a broken record,” Tom Lewis, Redfin DC Agent explained, “but it’s the same story yet again!” In DC, inventory fell again over the last month. As we move into spring, we should see the inventory line head… Read More
Last month, the number of DC condos sold plummeted by 32.4% from December. The dip in sales is explained by the fact that many home buyers put their home search on hold for the holidays, but the number of condos for sale also dropped 4% last month. Tom Lewis, an agent on Redfin’s DC team,… Read More
Something strange is happening in Fairfax County. Check out the median list price of a single family home (SFH) in Fairfax County back in May ($649,500), the height of the real estate season. Now take a look at where prices were last month (also $649,500). Prices took a short dip this fall but have avoided… Read More
Greetings, Redfinnians! This month we rolled out a new and improved version of our monthly insider report. “But where is it,” you ask. Ahh, well this new report is available via email-only, and was sent out to a group of registered users who have saved searches or favorites in select neighborhoods. We’ll be expanding the… Read More
Greetings Redfinnians! Frustration is probably an understatement if you listed your home for sale back in the spring, and it still hasn’t sold. After all, interest rates and inventory are low, right? Shouldn’t there be multiple offers and quick settlements? Not so fast, friends. Yes, the lack of inventory did create a sellers’ market… but… Read More
Greetings Redfinnians, This summer the market has been pretty hot, but we’re starting to see signs of things cooling off for fall. Very few high-quality, well-priced new listings are coming onto the market. When one finally does, it’s the same story every time; the buyers that are out there all descend at once and end… Read More
Redfin’s monthly Washington Metro Area real estate insider report draws from our proprietary database of information on homes for sale and that just sold, along with insight from our agents to get a sense of what’s going on in the market right now. If you’d like to receive the report via email, just sign up…. Read More
Redfin’s monthly real estate insider report draws from our proprietary database of information on homes for sale and that just sold, along with insight from our agents to get a sense of what’s going on in the market right now. If you’d like to receive the report via email, just sign up. Greetings Redfinnians! Spring… Read More