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It’s no secret that for much of the nation the real estate marketplace has been a flurry of activity. Combine that with the fact that our inventory levels have been collectively very sparse and you begin to see just how crazy things have been.
But as we move closer to summer, particularly in the DC metro area, a lot of neighborhoods are starting to see a slight slowdown in that activity. It does not mean that we are suddenly experiencing a housing surplus, nor does it indicate a shift away from the current sellers’ marketplace. What it does mean is that people are starting to focus on things other than buying homes.
Buyer Activity Slows Down, Inventory Picks Up
Inventory levels are slightly on the rise. This could be a combination of sellers adding their homes to the mix after seeing all the fast-moving inventory that has been going on for the past several months, with slowed down buyer movement.
The DC marketplace traditionally ranks busiest in the spring and then fall, followed by summer then finally winter in terms of real estate sales volume. So as we transition toward the summer and as folks get busier with graduations, summer vacations, sports and other warm-weather activities – we can expect to see a die down of real estate action.
As always, we are here for you when you decide to make a move. If you are looking for a great place and haven’t been able to find it – let us know! We’ll dig deep into our database and connect you with the perfect home (even if it’s not on the market right now). And if selling is on your mind – give us a call. We’d be happy to share of the great success stories we’ve got on our belt.