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Monthly Market Update
Lenore has been extremely busy during the second quarter of the year. In the past six months, Lenore listed 7 properties and successfully settled 9 with 2 still under contract, across the neighborhoods of Burleith, Glover Park, Chevy Chase, Wesley Heights, Dupont Circle and Woodley/Mass Ave Heights.
Currently under contract 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.
1913 35th Pl is also under contract, an impressive, renovated home close to Georgetown. It boasts two well-proportioned bedrooms, 2.5 baths, and 1-car parking. Built in 1916, the home has a refined elegance and features heart pine floors, classic moulding and elegant plantation shutters throughout.
Another property preparing to enter the DC market: 3622 S St. NW, a new build by JL Ventures and 3612 S St. NW, a Blue Water Remodel. Stay tuned for these exceptional Burleith 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.
In April 2025, the Washington D.C. metro housing market experienced a sharp increase in inventory, with active listings up 49.4% compared to a year ago, totaling 9,815 homes. New listings also increased slightly by 1.7% over April 2024. However, homebuying activity remained subdued, as new pending sales fell 6.6% year-over-year, with Arlington County being the only area to see an increase. The market’s slowdown is likely linked to economic headwinds, including federal workforce cuts and potential impacts from DOGE, leading to more cautious buyer behavior.
Despite reduced demand, home prices have continued to rise, with the median price reaching a record $655,215 in April—up 2.4% from the previous year. Expectations that lower mortgage rates would boost the spring 2025 housing market have been tempered by ongoing economic uncertainty, government job cuts, and return-to-office mandates. As more listings hit the market, buyers in the region may gain greater negotiating power. Still, prices are expected to remain stable or increase in most parts of the D.C. metro area.
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