Median Sales prices increase 10.2% in DC from last year

RBI just released their sales statistics for September and  the upward trend in real estate prices in Washington DC continues.



Moving forward we can expect the numbers for October to reflect the government shut down/debt limit mess. 
But assuming that politicians get that resolved we should be back on track for November.

Action plan:
Buyers:
Now is a great time to buy!  While interst rates have been low for a while they have recently come down further becuse of the fiscal uncertainty.
Sellers are a little worried because of reduced showings and might be more willing to negotiate.  Use this slight lull in the market to your advantage.
Now is a great time to buy.

Sellers:
The usual advice here is that If you can wait to sell your house, you should. This is wrong.  If you are ready to sell your house, and you have prepared it for sale with professional presentation and proper pricing, you should sell it now.  Serious buyers are still out there looking to take advantage of the low interst rates and the reduced invetory of homes for sale can increase the competition for your house.  Call us today to discuss how to properly prepare and market your house for sale in this market to generate the highes sold price.  We are the local experts.

Great Neighbors, Great REALTORS