The buyers are back in the Washington area home market, according to a market trends report released Tuesday by MRIS (the local multiple listing service) and real estate research firm Delta Associates. Sales volume and prices rose in the first three months of this year in the regional market, the report said. Sales volume was up 9.2% from a year earlier; the average price, at $357,983, was up 4.9%. The strongest price gains occurred in some areas hit hard by the foreclosure crisis: Loudoun and Prince William counties. Compared with a year ago, average prices in Prince William rose 26%, and in Loudoun, they rose 11.9%.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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2024 is not the year to cut corners on staging — here’s why
With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio