Low inventory in the DC area means fewer options for buyers, but that doesn’t mean that there aren’t some incredible deals to be made.
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There is a shortage of homes in the marketplace right now in the DC area. Demand has remodeled homes with the nicest finishes selling quickly, far above list price, and with multiple offers. But this doesn't mean you're out of luck if you're looking to buy.
There is a lot of opportunity for buyers who are interested in buying homes that are not yet modernized. Homes that are in good condition, but need a few updates, are sitting on the market. These properties provide the opportunity for buyers to make low offers and sometimes even get closing costs paid for by the seller.
Demand has remodeled homes with the
nicest finishes selling quickly and for far
above list price.”
If you have any questions about the market or anything in general, please feel free to contact me by phone or email. I look forward to speaking with you soon.