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Monthly Market Update
Lenore is starting the year strong with 4 successful closings in Burleith, DC amounting to $10M+, and 2 under contracts, amounting to 5M+.
New to the market is 4501 Dexter St, a recently renovated home with 5 bedrooms, 3.5 baths, which sits on over 11,000 sq ft lot. The spacious stone terraces are perfect for outdoor
entertaining. Don't miss the uniquely designed kitchen, complete with an exposed brick wall and glass tile accents.
Also coming soon is 2113 ½ O St #A, a Dupont Circle condo that lives like a townhouse. This southern-facing, 2-bedroom, 2.5-bath home offers a spacious layout with hardwood floors, an ornate wood-burning fireplace, and abundant natural light. It features a primary suite with generous closet space and two private roof decks with expansive views. The property also includes a half bath, flex space, a one-car garage, and additional parking in the driveway.
Another property preparing to enter the DC market: 3622 S St. NW, a new build by JL Ventures in Burleith. Stay tuned for these exceptional properties!
If you are considering purchasing or selling in 2025, don’t hesitate to reach out. Lenore would be honored to help you navigate your real estate strategy and goals for 2025 and beyond.
The housing market in the Washington D.C. area is slowing due to economic uncertainty. New pending sales in February 2025 fell by 9.5% year-over-year, with only 3,485 contracts, marking the slowest February pace since 2008. The drop in contract activity was widespread, though Loudoun County, VA, saw a 17.3% increase in new pending sales. Listings also declined
by 2.6%, with only Loudoun and Montgomery County, MD, seeing increases in new listings. DC’s market is still vibrant with multiple offers occurring. Despite these slowdowns, the total
number of homes for sale increased by nearly 30% compared to last year, reaching 6,857 homes at the end of February.
The median sold price in February was $597,000, reflecting a 6.6% increase from the previous year. Over the past five years, prices have risen by more than 40% in the region. The housing
market may be further affected by factors like federal government workforce cuts and back-to-the-office mandates, though the full impact remains uncertain. With more inventory and softer price growth, prospective buyers might find better conditions this spring, but both buyers and sellers should brace for continued market uncertainty in the coming months.
Click "View Reports" to access the full market data for the DC Metro area.
Lenore's Recent Sales
Washington Fine Properties
3201 New Mexico Ave. NW #220, Washington, DC 20016 | (202) 944-5000