Welcome to the DMV Market Update podcast with Cassidy Burns from BPG Residential. In this episode, we'll cover the real estate market in DMV (Northern Virginia and Washington DC) from May 1st to May 7th. Highlights include a slight decrease in interest rates. In the DC condo market, buyers enjoyed a 1.5% discount off the list price, while in the single-family market, buyers paid around 1% above the list price. The DC multifamily market saw increased activity. In Northern Virginia, condos sold at 99.1% of the list price, while single-family houses sold at 2.6% above the list price. Notably, the Northern Virginia single-family market is highly competitive, with more houses selling than being listed. Stay informed with Cassidy every week!
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