Local Market Update

2024 has started off with a bang. Lenore closed on two properties totaling $4M+ in sales. The properties were located in Burleith and Foxhall Village. She also helped her clients looking on the Eastern Shore find an exceptional home in Oxford. The Eastern Shore, especially Oxford has limited inventory. Lenore wrapped up the sale to her clients’ benefit within two days of coming on the market.

Lenore has quite a few properties coming on the market in February/March: a few new construction buildouts in Burleith, a couple in Glover Park, one on Capitol Hill and a special iconic property in Georgetown on a third of an acre and over 12,000 square feet! Reach out to her to discuss these special properties if you are thinking of purchasing in 2024. Lenore is also helping a number of clients prepare their homes for the spring and the fall markets. She is happy to consult with you on planning your 2024/2025 real estate strategies and goals.

Despite a seasonal dip in home sales activity in December, the Washington DC metro area experienced a surprisingly robust market. The median sale price saw an impressive 8.1% increase, marking the fastest growth since spring 2022. Although new pending sales were slightly lower than the previous year, with a 1.1% decrease, the market remained resilient. The dip in sales is attributed to a shortage of fresh listings entering the market, as seen in the 20.5% drop innew listing activity compared to December 2022.

Overall, the Washington, D.C. metro area's real estate landscape demonstrated resilience and strong price growth in December, making it a positive outcome for homeowners and sellers.

About Lenore

Lenore G. Rubino

Lenore believes home buying should be personal, memorable and flawless. With more than twenty years of real estate experience in the D.C. area, Lenore has extensive knowledge of complex contract issues and negotiations, TOPA, escrow, 1031 tax-deferred exchange and title issues. She seamlessly guides her clients through a wide range of sophisticated transactions. Lenore has continually been included in Washingtonian’s Best and Top-Producing Agents. Listed by Real Trends - Top 27 of DC's Best Real Estate Agents

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Relocate D.C.

Providing real estate services for the Washington area

Local Market Update

About Lenore

Lenore G. Rubino