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Market Update

Found 94 blog entries about Market Update.

August 17, 2018, Susan Bodiker for Current Newspapers

Sometimes, more is really more. Especially when it comes to the Victorians for whom no design embellishment — from the bustle to the balustrade — was ever too much in the pursuit of beauty.

This four-story row house at 1512 P St NW is a Victorian showpiece. The decorative wrought iron handrails, contrasting black door, and the window trim contrast nicely with the relatively subdued pressed brick grey façade. Inside, there’s an array of fanciful and historic elements that lend unexpected visual interest to walls and ceilings.

Built in 1885, the 3600-square-foot home includes four bedrooms; three full and one-half baths; and seven fireplaces (five working) with vintage carved wood mantels,

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Hello from Harbor Village, Bonaire... where I just started something NEW!

For the last two years, many of you have watched my “What’s Working Now?” videos... tips and strategies for neighborhood buyers and sellers. Twice a month, I’ve emailed them to subscribers and posted them on

A few weeks ago, I started broadcasting “What’s Working Now?” on Facebook LIVE every Tuesday at 2 p.m. My rst broadcast was scheduled while I was in Atlanta, visiting our son. Bill and I got a late check-out at the Emory Conference Center and booked a later flight, so I’d be available to GO LIVE at 2 p.m.

Sounds like everything was ready to go, right? WRONG! We headed back to our room to do the show and guess what? In spite of our

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Congratulations, Marjorie!

Cleveland Park's Favorite Real Estate Agent has just been named the 2018 Top Agent by Washingtonian Magazine. Marjorie's success in DC has been hard won, considering we’re in the middle of one of the hottest markets in history! Marjorie's recent sales are listed below, providing a snapshot of her stellar performance as this year's top DC real estate agent.

Woodley $2,950,000
CONTRACT in 8 days!
2916 32nd Street NW 

Woodley Park $1,225,000
CONTRACT in 2 days!
2815 Cathedral Avenue NW

Cleveland Park $1,650,000
CONTRACT in 1 day!
3403 34th Place NW

Van Ness North $500,000
CONTRACT in 6 days!
3001 Veazey Terrace NW

AU Park $1,115,000
SOLD in 5 days!
4618 Alton Place NW

McLean Gardens $448,100
SOLD in 17 days!
3721 39th

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Record High: May home prices hit highest monthly level on record for the DC area

As summer heats up, so are home sales and prices. In over a decade, we have never seen home prices this high for May (which is also a hot selling month regardless of economic factors). What does this mean? What happens next?

One thing I’ve learned after a lifetime of buying and selling real estate right here in DC is this: there is no such thing as “normal market conditions.” In order to make sense of the many factors influencing home prices, it’s important to look at how the prices, inventory, and days-on-market are trending over time.

In May, according to Bright MLS housing data compiled by MarketStats, the DC Metro median sales price hit $465,000. This is a

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Marjorie's updates from the pitching mound... and the DC real estate market!

Rhett’s First Pitch… NW Little League, His Final Pitch…

CONEY ISLAND, NY During the first four innings of the season finale at MCU Park, four Emory pitchers were rocked for 12 hits and 11 runs. Rhett took the mound in the bottom of the fifth inning with the Eagles behind 11-3.

He shut out NYU in the final 4 innings, allowing only one infield hit. While Rhett held NYU scoreless, his teammates chipped away at the lead, but fell short, losing 11-7. Emory finished with a winning record, 20-18, but a far cry from the previous 3 seasons… invitations to 3 NCAA Regional Tournaments and advancing to two College World Series!

Supply & Demand! Demand! Demand!


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The numbers are in! 

In the table below, I've compiled highlighted some recent activity from selected DC neighborhoods. Read on to see what's happening in the overall DC housing market.

With the first quarter of home activity in DC behind us, many buyers and sellers are turning to me with questions about the future. What will happen to home prices? Will inventory level out soon? And what about interest rates – how will they impact the market?

I’d like to answer these questions and provide my own insights. I’ve helped nearly a thousand clients buy and sell homes right here in the DC market; I’ve seen it all and I have a good idea about what’s to come.

The DC Metro median sale price rose in March to $435,000. That’s a $15,000 or 3.6% increase

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Still a Seller's Market: DC's housing numbers are in for February 2018

Every month, I review DC's home sale prices, how long it's taking to sell a home, what percentage of list price sellers are getting, and how those indicators seem to be trending. The numbers for February are in (thanks to our friends at the Bright MLS), and I'd like to share them with you here - along with my insights.

Perhaps the most important indicator in the housing market's direction is the change in home prices compared to the same month last year. The chart below (from MarketStats by ShowingTime) shows that home prices are still trending up. In fact, February's median home sale price hit a record high of $410,000; that's the highest we've seen in any February since

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