Michele Buckman has put together some videos discussing the current DC market and what the future may hold for the real estate market in the Washington DC area.
The Washington DC housing market is one of the strongest in the country. If you've been waiting for the market to improve, you may want to consider selling your Washington DC home now.
Sales activity is rising and prices are stabilizing. There is much less inventory, and a rise in contracts has helped keep prices firm. The decline in inventory is a combination of factors, including reduced distressed inventory due to delays from the so-called 'robo-signing' foreclosure paperwork scandal. In addition, seller confidence weakened in the summer of 2011, as consumers took hit after economic hit. Many would-be sellers thought they wouldn't get their 'price' and held off testing the market.
Interest rates are lower than they've been in decades, and many sellers are finding that buyers are more willing to pay their asking price - or close to it. Recent data has shown that homes are on the market an average of 60 days.
Last - but not least - high gasoline prices and the convenience of Metro public transportation are encouraging commuters from the suburbs to consider a home in Washington DC.
For more information on selling your Washington DC home, contact Michelle Buckman. Specializing in real estate in Washington DC, real estate professional Michelle Buckman will help you in selling your Washington DC home.