Housing inventory in the D.C. area is currently at 3,559 homes, higher than the previous week and notably above the lows seen during the pandemic. However, it remains below historical levels where inventory typically exceeded 7,000 units. Although new listings for single-family homes and condos surged to 502 and 457 respectively around February 28, they are still lower than previous years due to homeowners being locked in by low mortgage rates. The current market is displaying a seasonal increase in inventory and listings, suggesting a gradual recovery is underway.
Inventory levels for single-family homes and condos in the D.C. area are rising, but remain below historical averages, indicating a potential recovery ongoing.
New listings indicate seller behavior, and while they have ramped up recently, they remain lower than previous years due to high mortgage rates.
Collection
[
|
...
]