March Market Update and Newsletter

STRONG AND STEADY THIS SPRING

There’s been a lot of talk about the Northern Virginia real estate market, but much of it is more noise than reality. In fact much of it has been flat out wrong! Despite what you may be reading or hear, our market remains strong, and opportunities are plentiful for both buyers and sellers.

Low Inventory & Seasonal Trends

We continue to experience very low inventory, still only approaching levels that are a mere 40% of where they were pre-pandemic. While we are seeing a slight uptick in inventory, this is merely a normal seasonal trend. Every year, as we move past Valentine’s Day, more homes come on the market. It’s not a sign of trouble—it’s simply the natural rhythm of real estate.

it’s normal and expected. Sellers often take advantage of the spring season to list their homes, leading to more choices for buyers. However, demand remains strong, keeping the market competitive. Properly priced and well-presented homes continue to attract attention and offers, often within days of hitting the market.

There’s much speculation that actual and potential government layoffs might negatively impact the housing market. However, any real impact would surely be delayed. Typically, when people lose their jobs, they focus on finding new employment rather than making immediate changes to their housing situation. Most homeowners understand the challenges of selling their home without a clear plan, as renting or buying a new home without stable employment is not an easy feat. As a result, many if not most will choose to stay put, keeping the housing supply tight.

We’re looking forward to a strong spring market. Open houses are bustling with activity, and we continue to see homes selling quickly when they are priced right and in good condition. Yet the market remains price sensitive, and while well-positioned homes are snapped up, those priced a bit too high may sit longer and require price adjustments. The strategy of pushing prices higher is not as effective in today’s environment. Mortgage rates have been a bright spot, trending down for five consecutive weeks. This easing of rates will bring more buyers into the market, boosting demand even further. It’s a promising sign that the market is stabilizing and that now could be a great time to make a move.

Navigating the real estate market can be complex, but you don’t have to do it alone. If you have any questions about the market or are curious about your home’s current value, I’m here to help. Wishing you all the luck of the Irish and a fantastic spring season!

It’s a good life.

Chris

Spring Into Action

Your Guide to the Spring Real Estate Market

Spring is in the air, and with it comes one of the busiest seasons in real estate! As flowers bloom and temperatures rise, so does the competition among buyers and sellers. If you’re thinking about making a move this spring, here’s what you need to know to stay ahead of the game.

1. Why Spring is the Perfect Time to Buy or Sell – Spring is traditionally the most active time in the real estate market. Buyers are eager to find their dream homes before summer, and sellers want to take advantage of the increased demand. With more listings available and motivated buyers, now is the perfect time to make your move!
2. Get Your Home Market-Ready – If you’re selling, first impressions are everything! Spruce up your curb appeal with fresh landscaping, clean windows, and a welcoming front door. Inside, a thorough spring cleaning and some light staging can make all the difference. Pro tip: Neutral decor and decluttered spaces allow potential buyers to envision themselves living in your home.
3. Competitive Pricing is Key – With more homes on the market in spring, competitive pricing is crucial. Work with a trusted real estate agent who can provide a detailed market analysis to determine the best price for your property. Remember, the right price can attract multiple offers, giving you the upper hand in negotiations.
4. Be Ready to Move Quickly – Spring’s fast-paced market means homes can sell quickly. If you’re buying, get pre-approved for a mortgage so you can act fast when you find “the one.” Sellers should be prepared for showings at a moment’s notice. Flexibility is key to success in a competitive market.
5. Partner with a Real Estate Expert – Navigating the spring real estate market requires local knowledge and strategic planning and I’m here to guide you every step of the way. Whether you’re buying, selling, or just curious about your home’s value, I’m ready to help you achieve your real estate goals. Ready to spring forward? Don’t wait – the spring market moves fast! Contact me today to learn more about how we can help you make the most of this vibrant season.

Recipe of the Month | Pasta Primavera with Peas, Asparagus and Kale

Recipe Courtesy of Food Network Kitchen

Prep: 20 min ~ Cook: 15 min ~ Yield: 4 Servings

Ingredients:

Kosher salt

8 ounces penne

8 ounces snap peas, trimmed and halved crosswise

1 bunch thin asparagus, trimmed and cut into 1 1/2-inch pieces

1 small bunch kale (preferably Tuscan kale), stems removed and leaves roughly chopped

1/3 cup extra-virgin olive oil, plus more for drizzling

1 large bunch fresh chives, chopped

Grated zest of 1 lemon, plus 1 tablespoon lemon juice

Freshly ground pepper

1 tablespoon chopped fresh tarragon

Directions:

1. Bring a large pot of salted water to a boil. Add the pasta and cook as the label directs; add the peas, asparagus and kale to the pot during the last 3 minutes of cooking and stir occasionally. Reserve 1/2 cup cooking water, then drain the pasta and vegetables.
2. Meanwhile, combine the olive oil, all but 2 tablespoons chives, the lemon zest and juice, 1 teaspoon salt and a few grinds of pepper in a blender. Add 3 tablespoons cold water and pulse until smooth, scraping down the inside of the blender. Transfer to a large bowl. Stir in the tarragon and drizzle with olive oil.
3. Add the pasta and vegetables to the chive puree along with 1/4 cup of the reserved cooking water and half of the cheese; season with salt and pepper. Toss well to coat, adding more cooking water to loosen, if necessary. Serve topped with the remaining cheese and chives.

Monthly Home Maintenance Tips

Inspect your roof for winter damage: Check for loose or missing shingles, and schedule repairs before spring rains arrive.

Service your HVAC system: Schedule a maintenance check to ensure your air conditioning is ready for warmer spring temperatures.

Examine your attic and basement for signs of pests or leaks, especially after the winter months when critters might have sought shelter.

Inspect your home’s foundation and exterior walls for cracks or signs of moisture to prevent potential water damage during spring rains.

Fertilize your lawn and prepare garden beds by clearing debris, pruning shrubs, and adding fresh mulch to promote healthy growth.

22nd Annual Charity Golf Tournament

May 5th, 2025

We’re thrilled to announce our 22nd Annual Charity Golf Tournament on May 5, 2025, at Dominion Valley Country Club! It’s going to be another fantastic event full of fun, prizes, a silent auction, and so much more! All proceeds will benefit the incredible team at Children’s National Hospital here in DC, helping make a difference in the lives of children.

Sponsorships and registration are now open! Don’t miss out on being part of this amazing event! Everyone is invited to participate!!