DMV Weekly Market Update Cassidy Burns

**Podcast Description: Washington, D.C. and Northern Virginia Real Estate Market Update**

Join Cassidy Burns from BPG Residential for the latest real estate market update in Washington, D.C. and Northern Virginia. In this episode, Cassidy covers the period from May 29th to the first week of June, June 4th, focusing on key market trends.

There is a gradual decline in interest rates, currently at 7.25%. The market statistics highlight the high number of new listings in the D.C. condo space (175 units listed). Also, Cassidy provides details on the single-family housing market in both D.C. and Northern Virginia, including information on listings, contracts, sales, average days on the market, and average purchase prices.

Tune in to stay informed about the latest happenings in the Washington, D.C. and Northern Virginia residential real estate markets.

May 22nd- 28th - DMV Weekly Market Update

May 15th- 21st - DMV Weekly Market Update

Welcome to the DMV Market Update podcast with Cassidy Burns from BPG Residential. In this episode, we'll cover the real estate market in DMV (Northern Virginia and Washington DC) from May 1st to May 7th. Highlights include a slight decrease in interest rates. In the DC condo market, buyers enjoyed a 1.5% discount off the list price, while in the single-family market, buyers paid around 1% above the list price. The DC multifamily market saw increased activity. In Northern Virginia, condos sold at 99.1% of the list price, while single-family houses sold at 2.6% above the list price. Notably, the Northern Virginia single-family market is highly competitive, with more houses selling than being listed. Stay informed with Cassidy every week!

In this episode of the BPG Residential podcast, Cassidy Burns provides a comprehensive review of the real estate market in Washington DC and Northern Virginia from April 17th to April 23rd. 

 
Here are the key highlights:


- Interest rates remained stable, providing a favorable environment for potential buyers.

- The DC and Northern Virginia markets are showing active buyer demand and competitive selling conditions.

- For DC condo buyers, it's a good time to explore options, but be prepared for competition and act swiftly. DC home sellers should price competitively and be prepared for a quick sale, while buyers should be proactive and ready to make strong offers.

- Northern Virginia condo buyers should act promptly and be prepared to negotiate with sellers. Northern Virginia home sellers should price strategically and be prepared for multiple offers.


Overall, both the DC and Northern Virginia markets show active buyer demand and competitive selling conditions. It's advisable for both buyers and sellers to work with experienced real estate professionals for guidance and support.

 
Stay tuned for our weekly episodes, where we'll keep you informed and empowered in the ever-changing real estate landscape. Happy investing!

April 10th-16th - DMV Weekly Market Update