04/08/2025
Just like the temperature, the spring real estate market is heating up in our region, and buyers are anxious to get in on the action. Limited inventory still favors sellers, but there are strong signs that more homes will continue to be added, allowing buyers a better chance of finding a home that meets their needs.
In the spring market, homes tend to go under contract about 10-15% faster, likely influenced by a combination of better weather that makes it easier to show houses and the fact that there are more buyers in the Spring.
Sellers who are preparing to list soon should expect some negotiation from buyers who see, maybe, not "bargains" but "opportunities" with more homes to choose from. Buyer activity was relatively stronger in the D.C. area market than in other parts of the Mid-Atlantic region last week, with pending sales activity the strongest in the local markets where listing activity has increased the most.
Questions about what to expect this Spring? Let's talk! Comment "learn more" and I'll be in touch!