Contrary to the news, the market is NOT crashing, it is simply correcting itself to a more normal market.
While it seems like we have more inventory than ever, that’s in comparison to the historically low months of covid. We still have less supply than we’ve had over the last 10 years. Over the last 30 days, we have roughly 1.8 months of supply in Arlington county. 2.5-3 months of supply is a normal market. As the summer ends, expect more listings to come on the market after Labor Day.
If you’re a buyer - you can get a lower price and have full contingencies on most properties.
If you’re a seller - your marketing and your pricing strategies matter more than ever. AND the agent that you choice matters more than ever because homes aren’t flying off the market like the were over the last two years.
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At The Davenport Group, we are obsessed with delivering an unmatched real estate experience.
If you are looking to purchase or sell a home, we would be honored to help you find your place. 🏡
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