The Spring Market Continues to Sizzle

May 1, 2012 by · Leave a Comment 

The Wethman Group is pleased to announce our newest Realtor, Brianne Riley! A San Francisco Bay Area native, Brianne has lived and worked in the Washington, DC, area since 2005, when she thought DC would be a fun place to live “for a year or two” after college. Years later, she feels right at home and enjoys helping others make the move to the metro area. She holds a Juris Doctor from The Catholic University of America, Columbus School of Law in Washington, DC, as well as a BA from Willamette University in Salem, Oregon. We are thrilled to have her on board!

In local market news, the Spring market has kicked off! Northern Virginia inventory spiked dramatically by the end of March, but Arlington is still laying low, roughly on par with last year, while DC is down dramatically. Don’t get too excited though, Northern Virginia, because contracts were also dramatically up, so we maintained our running low ratio of listings-to-sales, still hovering at about three months or less (six months is considered a “balanced” market).

Interest rates remain low, though we are off the lows of sub-4%.

If you are thinking of buying a home, come to one of our free first-time home buyer classes at Arlington Central Library. The next class is Tuesday, May 22nd, at 7pm.  You can register here

If you know someone looking to move, please contact us. And if you’re thinking of selling, we’ll be happy to provide you with a free market analysis of your home and review of statistics in your local neighborhood.

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