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Tobin's note: You would have to save $1,671 a month ($20,050 total) to buy same home you saw 12 months ago. 3.3% annual increase.
Why wait to buy? See statistics below that confirm the $20,050 increase in median home price in past 12 months
See chart below:
WASHINGTON DC (see below) has a 5-year HIGH inventory of homes for sale.
See "gold" and "orange" dials below. SUMMARY: BUYER's Market.
See chart below. More homes are being purchased for "multigenerational" living requirements. Tobin's note---we have 5 adult children and none of them live at home. How did my wife and I accomplish this? We sold our big home after the youngest of our 5 children went to college. Then we downsized into a smaller home in Alexandria, VA. There is really no room for our children to live with us---however, Grandchildren are welcome for brief stays.
See chart below---by Zip Code and Corresponding City
The 22 zip codes/communities in WASHINGTON DC saw a 3.3% increase in home sale median values in past 12 months, Median price of homes went UP from $609,950 to $630,000.
See chart below. Sales are going up in WASHINGTON DC.
See chart below. Median price of homes in WASHINGTON DC rose by 3.3% in past 12 months. Homes are staying on market for 9 days. This a a 25% drop in number of days "ON MARKET" in past 12 months.
Website dedicated to Veterans, Active Military and their Families. Valuable information about Home Ownership---BUYING a Home and SELLING a house. In the Northern Virginia, Maryland and Washington DC areas.
New SPRING edition. See below. 24-page FREE booklet on important things to consider when BUYING a home. Click here to download pdf 24-page booklet. Download is safe.
New SPRING edition. See below. 20-page FREE booklet on important things to consider when SELLING a house. Click here to download pdf 20-page booklet. Download is safe.
TOBIN SEVEN, Principal Broker (Realtor) / Army Veteran --- Licensed in Virginia, DC and Maryland. Eagle Scout.
SEVEN REAL ESTATE ASSOCIATES LLC is Veteran Owned and Operated.
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