What Does Our Market Look Like So Far in 2017‪?‬ Northern Virginia Real Estate Podcast with Michael Putnam

Today I want to give you a look at what our market looks like so far in 2017. Want to sell your home? Get a FREE home value report.   Want to buy a home? Search all homes for sale. What does our market look like in 2017 so far? We’ve already seen a lot of interesting things happen this year. Our inventory has decreased by 62% from only two months ago, which was probably caused by the uncertainty surrounding the election results. A good amount of our winter sellers decided to hold off for the spring market. May is going to present a huge opportunity for sellers. There has also been an increase in buyers who want to take advantage of low interest rates while they can. Since the election, interest rates have gone up from 3.5% all the way to about 4.1%, so buyers want to purchase a home before another increase occurs.  If you’re a seller, May is going to present a huge opportunity for two reasons: low inventory and a surplus of buyers. If you’re thinking about selling your home or are just curious about your home’s value, give me a call or send me an email. I would be happy to answer any of your real estate questions!