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Monthly Market Update
From January to August, Lenore has been busy representing her buyer and seller clients. She listed 12 properties and successfully settled 13, with 3 homes under contract across the neighborhoods of Burleith, Berkley, Georgetown, Glover Park, Chevy Chase, Wesley Heights, Dupont Circle, Observatory Circle and Woodley/Mass Ave Heights.
On the market, 3622 S St is 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.
This Fall, Lenore is entering the Condo/Coop market with 2516 Q St NW, Unit C301; 1530 Key Blvd, Unit 125; 1701 16th St NW, Unit 802; and another coming soon at the Ontario.
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.
The Washington D.C. metro housing market remains uncertain despite a slight boost in home sales in September due to a drop in mortgage rates. Closed sales rose 4.4% year-over-year to 3,894, but new pending sales fell by 3.3%, reflecting buyer hesitation amid stable mortgage rates and concerns over a possible federal government shutdown. Home price growth has largely stalled, with the median sold price reaching $600,500—up just 0.3% from last year—and price trends varying significantly across the region.
Homes are also taking longer to sell, with median days on market rising to 21 days, which is 10 days longer than the previous September. The area continues to feel the effects of federal workforce layoffs and budget cuts, adding pressure to the already fragile market. While some buyers may benefit from increased inventory and lower interest rates, overall market activity is expected to slow through the fall, with softer home prices and reduced sales volumes driven by persistent economic uncertainty.
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