Home is where the Real E$tate is by Fergus

Hello and welcome back to my blog... Summer is winding down across the DMV, and the housing market has reflected that shift. Over the past few months, inventory climbed and buyer urgency eased compared with the spring, but the market was far from quiet: well-priced, well-presented homes still drew strong attention. As the season turns to fall — when activity often picks up after vacations end and routines resume — this recap highlights the summer’s data trends, standout sales (from trophy mansions to hidden gems), and a few listings still sitting, often because they’re priced or positioned for a different market. Market snapshot — headline stats Inventory in the Washington, D.C. metro surged this summer — active listings were roughly 10,283 at the end of July, about +40% year-over-year [1]. Median sale metrics vary by submarket: Washington, D.C. saw a mid-$600Ks median [2], while Northern Virginia’s median sits higher (suburban NOVA medians cluster around the $700K range). Con...

Hello and welcome back to my blog: If you're thinking about buying or selling a home in the DC metro area, here's a rundown of what is happening in our market. As we head into the official summer of 2025, the answer is layered—but ultimately encouraging for both buyers and sellers, depending on your goals. Here's a full breakdown of what’s happening across the DMV, from inventory and pricing to standout neighborhoods and smart buying opportunities.  📊 Where the Market Stands: Inventory, Pricing & Activity After years of historic tightness, inventory across the DMV is  starting to loosen up —but remains below pre-COVID norms. In DC, there are now about  3,100 homes on the market , which is up about 7% year over year. Bright MLS expects a  7.9% increase in total DMV home sales  by the end of the year, so buyer activity is clearly in motion. Home prices  are holding steady or ticking upward. In May: Median home price in DC : ~$710,000 (up ~3% YOY) Typical...