What’s Going on in Our Market?

 What’s going on in our marketplace? Low inventory and low rates make it an opportune time for all.

What’s going on in our local real estate marketplace?

The long winter made things go slowly with regards to the market, but now that it’s spring, we’re finding that the market has really picked up.

Right now, there’s a really limited supply of inventory—around two months’ worth. That means if every single listing on the market today was sold and nothing new came on, everything would be gone within two months. 

Two months is a relatively low number, which means that we’re in a seller’s market. That, in turn, means that prices will continue to be at an all-time high.

However, housing is still quite affordable because the interest rates continue to be historically low, even though they’ve risen over recent months by about a third of a percent.

Now that it’s spring, we’re finding that the market has really picked up.

The good news is that there’s a lot of activity out there.We don’t know what the future is going to be like, but we do know that interest rates are one of the biggest factors affecting one’s decision to purchase a home. Low interest rates make a good deal for buyers.There’s such little supply (and therefore, competition) that it would really make good sense to consider doing it now.

Of course, if you’re a buyer, interest rates are very low right now. We don’t know what the future is going to be like, but we do know that interest rates are one of the biggest factors affecting one’s decision to purchase a home, so them being low makes it a good deal for buyers too.

If you’re in the market to buy, sell, or invest in real estate, feel free to reach out to me I’d love to be able to talk with you.
 


 

Dan Rochon

Dan Rochon is an Associate Broker in VA, Broker in MD; Operating Principal/ Owner of the Keller Williams Realty office in Alexandria - Kingstowne, VA; Owner of Rochon Investments, LLC; Owner and Co-founder of www.GreetingsVirginia.com and Owner of other Joint Ventures as well as a real estate principles instructor at Moseley Real Estate Schools. 


As a real estate sales agent, Dan and his team are consistently top producers in their marketplace and provide solutions for their clients. Through their investing company, Dan and Traci Rochon have been investing in residential and commercial real estate ventures for more than the past decade.


Dan and his wife Traci are frequent speakers and are often quoted in media stories about the current real estate market. The Rochon's have been featured on The Nightly News with Brian Williams, The Today Show, CNBC, The Washington Post, The Washington Examiner, WTOP News, Voted as The Best of DC Real Estate Agent in the Washington City Paper Readers Poll, and more...