Metro DC Inventory Remains Historically Low

February 2019 Update:  Low levels pushing prices for D.C. Metro areas to record February highs. Sales continue to slow. The February 2019 Washington D.C. Metro area median home price of $427,000 was up 4.1% or $17,000 from last year and marked the 29th consecutive month of year-over-year price increases. Sales volume across the DC Metro … Continue reading Metro DC Inventory Remains Historically Low

Where are Home Values Headed over the Next Few Years?

There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, … Continue reading Where are Home Values Headed over the Next Few Years?

DC area prices reach highest monthly level on record in May

Washington D.C. Metro home prices set new all-time high of $460,000.  May closed sales and new pending sales at decade highs; inventories continue to shrink by double-digits. Rockville, MD – (June 12, 2017) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by … Continue reading DC area prices reach highest monthly level on record in May

Market Perspective: Jeff Detwiler, President/COO, The Long & Foster Companies

Market Perspective:  Jeff Detwiler, President/COO, The Long & Foster Companies Demand for housing is normal; supply/inventory remains below average because of: 1)  An inability to meet builder profit margin requirements.  Why?  1. Owners still have negative equity  2. Consumers continue to deleverage their debt  3. Mortgage financing is still attractive 2)  The mortgage interest rate … Continue reading Market Perspective: Jeff Detwiler, President/COO, The Long & Foster Companies