State of the D.C. area real estate market: Where did all the listings go?

We’re now firmly in the spring market, and there’s one question that has emerged that’s pretty hard to avoid: What happened to listing inventory in the City of Alexandria and in Arlington County?

At the end of March, most of the metro area had roughly the same number of listings on the market as this time last year.  But in Arlington County, inventory is down 40%, and in the City of Alexandria, there were exactly half as many homes on the market.

Half.

Where did the listings go?  Contract activity is a little higher than last year in both of these areas. But it isn’t contract activity that accounts for the big drop in inventory.

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Winter 2018 Marketwatch: More of the same?

2017 ended with a bit of a whimper, as contract activity on our region’s real estate market cooled off along with the weather. But it was an overall solid year, with Washington, D.C. continuing to outpace its suburban neighbors. What’s ahead for 2018?

We’ll put our forecast into three categories: Steady State, the Wildcard and the Tantalizing Possibility.

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Living with grandma, housing market exacerbating inequality and STC “Free For All”

Local Real Estate News

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Are the Washington Redskins coming to Reston? Plus, D.C. median home price hits $566K

Local Real Estate News

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10 most, least expensive D.C. neighborhoods; 3D printed buses that “learn”

Local Real Estate News

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Checklist for winning a bidding war, 4 things Baby Boomers want in their next home

Local Real Estate News

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Brexit and what it means for U.S. homebuyers

Local Real Estate News

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16 water-oriented homes for sale in Reston, D.C. neighborhoods where homes sell the fastest

Local Real Estate News

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Home Improvement Tips: Backyard Fire Pits

Local Real Estate News

  • The dearth of available affordable housing in urban areas has numerous causes, but subsidy programs have yet to really move the needle. The real solution? Substantially increase housing supply to lower prices. (via Greater Greater Washington)
  • 3 factors to help decide whether to rent or purchase a home (via Forbes)
  • Don’t blame student debt for the lack of Millennial home ownership (via Forbes)
  • Of interest: D.C. taxis can now deliver lunch. The Taxicab Commission believes this new service will increase driver incomes by up to $10,000 per year. (via Greater Greater Washington)

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Market in a Minute: Leaving ‘Inside the Beltway’

Local Real Estate News

MCE for sale signMcEnearney Market in a Minute (April 2016): “We’ve seen something in the first quarter of the year that we’ll be keeping a close eye on. For the first time in a long time, new contract activity for areas of Northern Virginia inside the Beltway is down while those outside the Beltway are higher. We’re not convinced that three months of activity is enough to say there’s a trend, but it’s possible that the higher prices of close-in communities are causing some buyers to look elsewhere. Stay tuned.”

Click here to read the entire Market in a Minute report for Northern Virginia, here for Washington, D.C. 

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