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Welcome to the Weekend Market Pulse! If you're short on time, catch our TL/DR video summary. Otherwise, let's explore the latest market data from RLAH @properties.

📊 Market Pulse: October 16 - October 23

  • Average Number of Offers: 2.0 (Down from last week's 2.4, though 67% of new contracts received multiple offers, up from 58%)

Offer Prices:

  • Above List: 58% (unchanged)

  • At List: 17% (down from 21%)

  • Below List: 25% (up from 21%)

Inspection Trends:

  • No Inspection: 33% (up from 15%)

  • Full Inspection: 42% (up from 32%)

  • Pass/Fail: 17% (up from 16%)

  • Pre-Inspection: 8% (down from 37%)

🌡️ Market Analysis: Buyer behavior shifted this week, particularly in offer patterns and inspection choices.

  • Buyer Activity: While the average offers per property dropped to 2.0 from 2.4, more properties (67% vs last week's 58%) received multiple offers, showing concentrated competition in key market segments.

  • Pricing and Offers: Above-list offers held steady at 58%, but below-list offers rose to 25%, suggesting more buyers are testing seller flexibility on price. This mix of aggressive and conservative pricing strategies further highlights the market segmentation we've been discussing.

  • Inspection Trends: Full inspections increased to 42% as pre-inspections fell to 8%. Despite strong competition, buyers are prioritizing thorough property evaluation. Meanwhile, no-inspection offers rose to 33%, another clear indicator of our segmented market.

  • Market Segmentation: For detailed neighborhood breakdowns and price point analysis, check out the full Market Monday report or reach out to me directly.

📈 Market Implications:

  • For Buyers: Competition persists, with multiple offers on 67% of properties. Consider your inspection strategy carefully, and note the growing success of below-list offers in some areas.

  • For Sellers: Multiple offers continue, but buyers are showing more caution. Competitive pricing remains key to attracting strong offers.

📅 Looking Ahead: Markets continue to evolve weekly. For neighborhood-specific analysis, see our full Market Monday report. Questions? Reach out: 301-564-3058 or Corey@FeldmanGroupRe.com

Real Estate, Real Stories with Corey Feldman
Real Estate, Real Stories with Corey Feldman Podcast
Insightful and personal real estate tales from Corey Feldman, your expert guide in the DC Metro area property market.