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Monthly Market Update
Lenore has been extremely busy during the first half of the year. In the past six months, Lenore listed 10 properties and successfully settled 10 with 2 still under contract, across the neighborhoods of Burleith, Glover Park, Chevy Chase, Wesley Heights, Dupont Circle and Woodley/Mass Ave Heights.
New on the market is 3622 S St, a 5 bed, 5.5 bath, luxury home by JL Ventures, offering two home offices/flex spaces, elevator-ready closets, 2-car parking and ample outdoor entertaining spaces, including a spacious rooftop deck.
Another property preparing to enter the DC market is 3612 S St. NW, a Blue Water Remodel and just a few doors from 3622 S St. Stay tuned for more exceptional properties!
If you are considering purchasing or selling, don’t hesitate to reach out. Lenore would be honored to help you navigate your real estate strategy and goals for 2025 and beyond.
Home prices in the Washington D.C. region hit a record high in May, with the median price rising 3.1% year-over-year to $659,950, despite a slower-than-usual spring market. Prices increased across all major areas except Frederick County, MD. While concerns about federal job cuts and economic uncertainty loomed, the housing market held up better than expected. Many potential buyers and sellers may be waiting until after the school year to make decisions, leaving the full impact of workforce reductions still unclear.
Although overall sales dropped 6.5% from last May, signs of buyer activity remain. New pending sales were up 3.5% year-over-year and increased 6.5% from April. Inventory also surged, with 10,413 active listings by the end of May—a 41.6% increase compared to last year. While new listings had spiked earlier in the spring, May’s year-over-year growth in new listings was modest at just 0.4%.
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