Capitol Hill Home Sales: Buyer Fatigue or Short Supply

Short Supply

Capitol Hill Home Sales: Buyer Fatigue or Short Supply

Capitol Hill is a coveted neighborhood for many reasons, including its proximity to great local business districts, the Anacostia River and park, access to Metro and bike-able routes – all great elements for urban living. But after a busy start to home sales in 2017, 2018 has been slower by comparison.

UrbanTurf reports that sales volume is down and median sales prices are down. Are buyers getting frustrated and dropping out of the hunt?

Buyer Fatigue or Short Supply

Our JNG buyer agents are busy, so they haven’t experienced buyer fatigue, but they have noticed a few things to keep in mind:

  • Inventory has been slow in coming, but looks to be picking up later than usual (after the Memorial Day weekend).
  • Buyers are motivated, and most houses don’t stay on the market long. If you are looking, be ready to go when something comes up. (See our Steps to Buying guide)
  • Some of our buyer clients are looking outside the immediate Capitol Hill neighborhood and finding great homes neighborhoods with similar amenities. (Check out our listings page)

Given the low inventory, listing your home now also has its benefits – especially when priced strategically, and staged beautifully. (Check out our articles for Sellers)

Working with an agent on your real estate goals early in the process can yield great results, whether you are looking on Capitol Hill or in surrounding neighborhoods. Contact us for a discussion and tailored advice.