Real Estate Market Trend: 22314, 22301, 22207 and 20007

When people discover I’m a REALTOR® the first question is usually, “How is the Market?” and my answer is always “Depends on where you live”.

Real Estate is local. Property values are determined not only by the house’s attributes but most importantly its location. Since I work in Real Estate daily I can make and predict fairly closely where the “trends” are moving. You know when the market is picking up and when it is softening. The interesting detail is that we know this before we get the data which is generated by the MLS and provided to us every month. Unfortunately this information is always at least a month (or more) old. So even though we see the trends we don’t have the data to support our observations.

So back last November I started to assemble a series of indicators that show trends in the local Real Estate Market, week by week, for the 4 zip codes where I work the most.

Real Estate is an asset, like stocks and bonds, though with less dramatic price swings.  There are always ups and downs. I feel I owe this information to my clients. I can now easily show them in real numbers that support a trend, when before it was more of a “sense” of a trend,

So when the question comes, “Is it better to put the house on the market now?”,  or, “should we wait a couple of months?” I now have current data to support my answer.

Although I have stronger data from the markets I serve the most, I can apply the same analysis  to surrounding zip codes as well. Check out the video explaining the charts

If you are interested in this information, please call me at 703 472 5439 or email me at psharris@kw.com

This information was taken straight from the local MLS or provided by MRIS

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Patricia S Harris
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Patricia S Harris

REALTOR®+Architect at eXp Realty
If you’re looking to sell your luxury home in Old Town Alexandria VA, your luxury condominium in Arlington VA or your luxury mansion in Washington DC you’ve come to the right place!.I am a full time real estate professional in VA, DC and MD that will market your home with the latest technology and proven systems and help you net the most money in the least amount of time. I am a Certified Luxury Home Specialist member of the Institute for home luxury marketing.

If you are looking to buy a Luxury home in Old Town Alexandria, a luxury townhouse in Arlington, or a luxury home in Washington DC, Give me a call at 202-681-1621. With a background in Architecture I can find the perfect home for you in the least amount of time. I am aware of my clients' busy schedules.
Patricia S Harris
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