If ever there was a season to sell, this is it!  Spring has arrived early to the DC real estate market.   The market has been hot this year, even before spring flowers started to bloom.

The housing inventory of available properties in the DC area remains historically low, averaging a 1.7-month supply.  So, this is clearly to the seller’s advantage.  Additionally, mortgage rates are still low at around 4.25%, which is important to buyers.

As a result, competition has been intense with buyers clamoring to purchase their next home.  Homes are selling quickly.  In fact, I’ve already had listings that received as many as 8 or 9 offers on a single property.  I’ve witnessed this trend in DC over the past year.  Now that same intensity is spreading to Montgomery County, as well.

Due to the long period of low inventory, we’re experiencing great pent-up demand.  We expect the competition to get even hotter in the coming months. If you’re thinking of buying or selling a property this year, call me now and let’s create a plan to help you make your best move!