The Davenport Group

Housing Market Update | Alexandria, Virginia | July 2023

Housing Market Update | Alexandria, Virginia | July 2023

🚨 ALEXANDRIA HOUSING MARKET UPDATE 🚨

In this month’s housing market update, Blake Davenport reveals that compared to last year, 31% fewer homes have been sold, indicating a serious shortage of houses for sale.

Buyers – Don’t wait for interest rates to drop before making a move. As soon as interest rates drop down to the mid 5s there will be a surge of buyers rushing in, pushing prices even higher. Our advice? Find a house with a comfortable monthly payment and consider refinancing later when rates do decrease. This way, you’ll immediately gain equity when prices surge due to increased demand.

Sellers – Prices will continue to rise due to limited inventory. It’s crucial to plan your marketing and presentation carefully to make a lasting impression.

Join us on Thursday, July 20th at 6pm for our virtual Home Buying Workshop to learn more about the market update and the home buying process. 📆🏡 Click link below:

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At The Davenport Group, we are obsessed with delivering an unmatched real estate experience.

If you are looking to purchase or sell a home, we would be honored to help you find your place. 🏡

Contact us through:
📱Call/Text Direct (703)-350-8800
📧Email: blake@thedavenportgroupre.com
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