Here is your May 2019 Real Estate Market update. To celebrate the conclusion of the popular TV series, let’s put a little Game of Thrones spin on this month’s stats.
The Washington, D.C. Real Estate market is once again marching into record territory. April sales in DC jumped an eye-popping 15.5% compared to last year. The median sales price dipped slightly to $586,900. Buyers are snapping up the houses that come onto the market. Pending sales topped the five-year average by an impressive 8.1%.
So, what advice can we give based on the latest statistics?
Bottom Line Advice for DC Home Sellers
As the old saying goes, your home is your castle. Khaleesi Daenerys Stormborn says that everything is great for DC home sellers. The total number of sales for the year is up 2.8% from last year. Even with more homes available, contract activity has been brisk. If you’re thinking about making a move before the next school year begins, now is an excellent time to get started.
For an evaluation of your specific home’s value in this changing market, contact me at 202-717-2276.
Bottom Line Advice for DC Home Buyers
Melisandre say it’s a different tale for families looking to purchase a new home. The limited number of homes on the market has driven prices to record levels. In fact, April’s median sales price was $586,900, which ranks as the second highest April level in the past 10 years.
The keys to success are being flexible and being ready to act when good opportunities come your way. A great Realtor can help you target your home search to find the hidden gems that meet your families needs. If you need an experienced agent to guide you to victory in this Game of Homes, give me a call.