DMV Weekly Market Update Cassidy Burns

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

Welcome to BPG Weekly Market Update! Get real estate market insights for Washington DC and Northern Virginia. Hosted by Cassidy Burns and BPG Residential, we bring you the latest updates, analysis, and tips to navigate the dynamic world of real estate. Let's dive in!

**Market Update (April 3rd - April 9th):**
- Washington DC and Northern Virginia real estate markets remain active and competitive.
- Interest rates have slightly increased, but there is still significant demand in both areas.

**DC Market Highlights:**
- Condo market: Healthy number of listings, contracts, and sales. High selling price compared to the list.
- Single-family homes: Strong activity, high average purchase price, and high selling price compared to the list.
- Small multifamily properties: Increased interest.

**Northern Virginia Market Highlights:**
- Condo and single-family home markets: High levels of activity. High selling price compared to the list.
- Single-family homes: Particularly competitive, with many properties under contract and sold.

Considering these factors, investing in the real estate market in Washington DC and Northern Virginia during this period could be promising. However, it's important to evaluate properties, conduct market research, and consult with professionals for informed decisions.

Remember to consider your financial situation, goals, and risk tolerance. Seek advice from a financial advisor or real estate professional for personalized guidance.

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

March 27th- April 2nd - DMV Weekly Market Update

March 6th-11th - DMV Weekly Market Update