After a year in which the local real-estate market was turned higgledy-piggledy – first shut down briefly by COVID, then roaring back to life with a vengeance – it appears to be settling back into a more normal seasonality.

And that means August slowed compared to July, although sales and prices remained higher than a year before.

A total of 7,123 properties went to closing in August across the D.C. core, according to figures reported Sept. 13 by MarketStats by ShowingTime, based on listing data from Bright MLS. That’s up 1.2 percent from a year before. (The Sun Gazette used to call this report the “inner D.C. core,” but Bright MLS has started adding outer-suburb localities to the mix, including Loudoun County in Virginia and Frederick County in Maryland.)

Year-over-year sales were up in seven of…

Read more…


Comments are closed.