The housing market conditions are changing this fall. More and more sellers are lowing their asking price.
That’s according to the latest data from Bright MLS, the real estate industry's database of record for property sales. The week ending September 25th, 2022 showed almost 54% of homes listed for sale had a list price that was lower then the sellers original list price.
This change was most obvious is the District.
While it is true there are fewer homes on the market for sale than this time last year, the inventory in the Greater Washington D.C. area has stayed constant in part because homes are staying on the market for more days.
This information was provided by Lisa Sturtevant PhD, Chief economist for Bright MLS. See the attached Bright MLS graphic for more information. Link here for the full article.
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This Fall, More Homes On The Market With Lower than the Original List Price
The housing market conditions are changing this fall. More and more sellers are lowing their asking price.
That’s according to the latest data from Bright MLS, the real estate industry's database of record for property sales. The week ending September 25th, 2022 showed almost 54% of homes listed for sale had a list price that was lower then the sellers original list price.
This change was most obvious is the District.
While it is true there are fewer homes on the market for sale than this time last year, the inventory in the Greater Washington D.C. area has stayed constant in part because homes are staying on the market for more days.
This information was provided by Lisa Sturtevant PhD, Chief economist for Bright MLS. See the attached Bright MLS graphic for more information. Link here for the full article.
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We will not share your information with anyone....
Thank you for requesting more information...
We value and protect your privacy and will never share your contact information with anyone else.
How can we help?
The exclusive buyer agents at HomeBuyer Brokerage specialize in serving home buyers. Please reach out with questions at info@homebuyerbrokerage.com.
