In market news, our area is expected to continue to see rising rents, as discussed in this article. But buyers are stuck between a rock and a hard place–average home prices are also up nearly everywhere in our region, and with no end in sight to our inventory crises, renters are going to continue to find it difficult.
In DC proper, September also saw a significant increase in median sales price year over year, and roughly equal sales volume (up in detached and condo, down in townhouses). Sellers are still getting 99%+ of asking price. You can dive deeper into the DC market stats here.
Our team is growing! We’re welcoming Barbara Monahan as an agent on our team! Barbara has been in real estate several years already, and we’re happy to have another experienced agent to help serve our awesome clients!
As always, feel free to contact us to discuss your specific real estate questions!
Interest Rate Update
Rates continue to be very low, and it’s a great time to refinance (especially if you’re in an adjustable rate mortgage!) Contact any member of the The Wethman Group if you want to discuss whether it makes sense, and for a recommendation to an awesome lender!
The weather hasn’t quite turned yet, but this is a good time to go ahead and winterize those outside hose bibs if you don’t expect to be watering any plants the rest of the year. To winterize a hose bib, cut the inside shutoff valve OFF, then turn the outdoor hose bib ON to drain the line.
CLIENT PERKS: LEAF BLOWER/SHREDDER
Fall leaves will be dropping soon! Clients can use our leaf blower and shredder for FREE. Just contact us to arrange a loan!
Have something you’d like to see us add to our collection of client items available to borrow? We add items all the time–just email us!