O Home Sellers, Where Art Thou?

It’s a tough world these days as a buyer in the Northern Virginia market. Months of pent up demand from frustrated buyers is causing a huge increase in multiple offers on properties new to the market. There’s so little to choose from across the board – condos, townhomes and single family homes – that everything is selling quickly and for a lot more than last year.

Recently, a townhouse in Clarendon received 10 offers. The asking price was just under $1M.

A single family home in McLean which was a flip, was listed for $80k over the almost exact same house sold just a few months prior. They got 3 offers.

A 2 bedroom condo in Clarendon listed for $30k over a similar unit recently sold received 2 offers in the first 3 days.

If you’ve ever explored the idea of selling, NOW is really the time to take advantage of the buyers who are literally chomping at the bit to find something.

Find Out What Your Home Is Worth