Katie Wethman's Northern Virginia & Washington, DC, Real Estate Blog

Real Estate Agent - Keller Williams
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  JANUARY 2019 Happy new year from the Wethman Group! January started once again with a bang as serious buyers came out from the holidays with resolutions to buy, and started their home searches well before the "spring season." We typically see an increase in buyer showings and offers right out ...
  December 2018 Market Update As expected, the announcement from Amazon caused a a bounce in sales, particularly in 22202 “National Landing.” Typically activity and sales in November is slower, as we ease into the holiday season. This past month, 22 properties in the National Landing area went u...
  November 2018   We're taking a break from our usual newsletter format to provide an analysis of the Amazon HQ2 announcement. The Washington area, and more specifically the newly christened "National Landing" area of Crystal City (comprised of parts of Pentagon City, Potomac Yards, and parts of...
  October 2018 Market Update The October real estate market is holding firm, and not letting up! In the DC Metro area the average sales price is $508K, a 3.3% increase compared to 2017. The average days on market has declined 7% which likely has to do with limited inventory. Popular neighborhood...
  SEPTEMBER 2018   ‌   The kids are back to school, and we're back to the hot real estate market!   Activity picked up after Labor Day, and we're seeing more of the same this month. August stats appear to be in line with prior years', and no worse. The Median sales price is up ever-so-slightly, ...
  AUGUST 2018 MARKET UPDATE   Up, up, up! Prices and sales volume increased like the temperature in July for the local area housing market. Each year the DC housing market tends to peak in volume and price in June, with July starting to show a taper down to a lull in August and then a nice littl...
  JULY 2018   MARKET UPDATE Is the summer housing market as hot as the weather? It is if you measure by price! June set a new all-time high for median price in our area at $471,000, up 3.5% compared to June of last year. But sales volume, closed sales, and new pending sales were all down from Ju...
 JUNE 2018 MARKET UPDATE May was another record-breaking month in the DC Metro housing market. Prices ticked up to the highest in a decade, but not by much, rising just 1.1% $5,000 over May last year, but up a seasonal 3% or $15,000 over just last month. This is correlated with the lowest active ...
  MAY 2018   MARKET UPDATE Remember when we said last month that the market had slowed slightly in March? Well April made up for it! We are seeing bidding wars and lots of activity across the board, but particularly in DC and close-in markets in Virginia and Maryland. The weather may be damp, bu...
  APRIL 2018   MARKET UPDATE With taxes on everyone's mind, we've been getting lots of questions about the mortgage interest deduction and how things may change under the new tax laws. For most owners, the majority of their mortgage interest (up to $750,000 worth of debt) is still very valuable....

Katie Wethman

CPA, MBA, Realtor - Northern Virginia & DC Real Estate
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