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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.
A few doors down is 3612 S St NW, a Blue Water build and just a few doors from 3622 S St. It boasts 3 outdoor decks and a back patio with jacuzzi, as well as smart and eco-friendly features.
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.
In August, the Washington, D.C. area real estate market saw opportunistic buyers stepping in as mortgage rates eased slightly and inventory grew modestly. Although closed sales were down 2.0% from the previous year, contract activity increased by 2.9%, indicating stronger buyer engagement. New listings fell 2.7% year-over-year, but buyers leveraged the slower market and improved negotiating power with sellers.
Home prices in remained relatively stable, with a 2.1% year-over-year increase to a median of $625,000, though some counties saw price declines. Homes are taking longer to sell, with a median of 19 days on the market—nine days more than last year. While the market has slowed, uncertainty around federal job cuts has added caution, but easing rates and softer prices may encourage more buyers this fall, even if overall sales stay modest.
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