March 2023 DMV Market Update
Here’s your complete March 2023 DMV market update, breaking down everything you need to know about your local market this Spring.
What’s Going on?
The Spring real estate market in the DMV is in full swing! We are seeing tremendous buyer activity coupled with a continued lack of inventory or homes for sale. There are simply not enough properties on the market for qualified buyers with some homes selling as ‘coming soon’ listings before even making it to the market.
This imbalance has created a seller’s market, so if you’re a buyer in the marketplace, having a strategy for finding and securing these homes is important. Our team are experts at locating these off market properties and positioning buyers to win an offer on their dream home, and it doesn’t always mean coming in with the highest price. We recently helped 3 different buyers win in multiple offer situations!
What Does This Mean for Sellers?
For our sellers, we’ve seen multiple offers on properties all the way from Gainesville and Great Falls, VA to Damascus, MD. We are also getting fantastic terms for our sellers, especially those who are prepping their home for sale and pricing it correctly for the market. While we’re in a seller’s market, pricing and positioning are still as important as ever!
Need Some Help?
If you’d like to learn more about the market, how to prep your home for sale, and the current trends, join us for our free, monthly seller seminar on Wednesday, April 5th at 6:30pm. You can register at jenniferyounghomes.com. If you can’t make the seminar but still want to talk, reach out to us for a free, no obligation consultation!
And for even more information on the local DMV market, check out the full video below!
Thank you for your continued support! We hope you have a lucky March and are always here if you need us!
