Q1 2019 Quarterly Capital Region Market Report Now Available

May 201907

Q1 2019 Quarterly Capital Region Market Report Now Available

In the real estate industry, supply and demand drive market conditions, and lack of supply has been the headline for a while now in the Capital Region.  The first quarter of 2019 was no exception, with a shortage of homes for sale reported across both the luxury ($1M+) and traditional markets in the D.C. metro area.

Inventory overall experienced a marked 21 percent drop, while luxury homes for sale declined by 5 percent.  With fewer properties available to purchase, the region saw a moderating of sales last quarter.  Across all price-points, sales declined 7 percent, while luxury sales were flat in the first quarter.

 

Read more about the market conditions in Long & Foster’s Q1 2019 Quarterly Capital Region Market Report.