JUST LISTED | THIS WEEK'S NEW INVENTORY!

Who doesn't like to have early access to fresh real estate opportunities with a click of a button? At least I do! If you're a frequent visitor to our web portal, the least we can do is expedite the research process by having all the recently released listings available for you in an organized and presentable format. We hope you enjoy the experience.

New listings are important to both buyers and sellers in the Washington, DC Metro real estate market. For prospective new purchasers, it’s an opportunity to view new inventory before other buyers do. During a time of reduced inventory and climbing prices, it’s a chance to make a quick offer if the price, the size, and the location all line up favorably.

A collection of properties listed this week in the Washington Metropolitan Area.

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Exploring the Seller’s Market in Washington Metro

It’s important to note that the Washington Metro region has been experiencing a seller’s market for the past few years. For current homeowners wishing to take advantage of the extended shift in the power dynamic, the new listings category provides a welcome showcase at a time when the competition is high. The bidding war culture in the nation’s capital continues to lead to offers that are not only fast and high, but that are increasingly coming with fewer contingencies. The first few days is all-important then, both for homeowners who obviously want to get the most favorable return, but also, for buyers who are hoping to get in quickly with an accepted offer.

The number of active listings continues to drop, not only within Washington, DC zip codes, but also in Arlington, Alexandria, Bethesda, and other areas close to the District’s boundaries. The reduced inventory coupled with low interest rates, strong local economies, high-income households, and a new generation of younger buyers, has produced a perfect storm of for those on the selling side.

It is also worth noting a trend toward higher loan amounts, indicating a greater appetite for luxury properties as well as move-up buyers who are seeking to sell their existing homes and upgrade either by size or lifestyle criteria. This can add yet wrinkle to the importance of the new listing category. Those who want to sell high, are also often buying higher!

The polar opposite of new listings, of course, is older listings. These are the homes and condos for sale that have lingered for weeks and months. The inactivity can be due to any number of reasons, including unreasonably high asking prices, even in the current overheated market. This can lead to price reductions, retooled sales strategies, and for the sellers, the inability to move on with their plans.

Regardless of your status as a buyer or a seller, new listings remain a powerful tool. The increased exposure, first impressions, and the heat of the market come together in synchronicity, in that all-important first week. To learn more about marketing your home, or how to navigate the shoals as a buyer, call Andre Perez at District Partners at Compass, 202-798-3600.

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