DC Real Estate

The Very Tight Housing Market That Amazon Has Created

The Arlington housing market continues to feel the effects of Amazon's impending arrival. This month, the effect can be seen in rising home prices, but more noticeably in a severe lack of homes for sale. “Amazon HQ2 continues to have an impact on the Arlington housing market," Andrew Strauch of Bright MLS said. "Housing inventory [...]

2019-06-15T01:29:30+00:00June 15th, 2019|

27 Percent of DC Homes Priced Above $1 Million

More than one in four homes for sale in DC carry a seven-figure price tag. A recent analysis by UrbanTurf found that 27 percent of homes on the market in DC in April were priced above $1 million. In 2017, one in four homes in April carried a million-dollar price tag, and the year prior, [...]

2019-06-08T03:29:26+00:00June 8th, 2019|

Mortgage Rates Fall to Lowest Level in Almost Two Years

Long-term mortgage rates haven't been this low since 2017. On Thursday, Freddie Mac reported 3.82 percent with an average 0.5 point as the average for a 30-year mortgage, down 17 basis points from last week. Long-term rates last dropped to this level in September 2017. “While the drop in mortgage rates is a good opportunity [...]

2019-06-08T03:28:06+00:00June 8th, 2019|

The 6 D.C. Neighborhoods Where Buyers Are Paying Above Asking

Last week, UrbanTurf took a look at the DC neighborhoods that have seen the highest home appreciation this year. Today, we highlight the areas where you are likely paying above list price for your new home. So far in 2019, homes in the six neighborhoods below have been selling at or above their asking price, on [...]

2019-06-01T01:46:29+00:00June 1st, 2019|

Is AU Park DC’s Most Competitive Housing Market?

With the spring housing market in full swing, UrbanTurf is taking its annual look at the neighborhood markets around the DC region. Today, we head to American University Park. For the last few years, AU Park has been one of the fastest-moving and most competitive housing markets in DC, and in 2019, it might be [...]

2019-05-24T17:37:23+00:00May 24th, 2019|

D.C. Area Home Prices Hit Record High in April

The DC-area housing market roared back in April. After months of declining sales and rising inventory, the April housing report by ShowingTime revealed a market in which record home prices were side-by-side with robust sales. The median home price in the DC area hit an all-time high of $475,000 in April, a 5.6 percent year-over-year [...]

2019-05-17T19:52:33+00:00May 17th, 2019|

17% of DC Homes Sold This Year Were All-Cash Sales

The percentage of cash home sales in DC so far in 2019 remains consistent with the first quarter of last year. 1,782 homes have sold in the District in 2019 — and 17 percent of those homes went to buyers paying all cash. In the first quarter of 2018, 1,892 homes sold and about 19 [...]

2019-05-11T12:21:24+00:00May 11th, 2019|