Georgetown Home Sales Continue to Rise
The prestigious DC neighborhood continues to be one of the most expensive in the region, with average prices from January through March up 21% compared to the first quarter of 2023. At the same time, overall sales have dropped by about 10%, in line with a decline across most of the region. Cash sales continue to be the norm, accounting for about six in 10 deals.
Georgetown Home Sales have been impacted by the current market shift, which has heavily favored sellers over the last two years. As a result, many homeowners have seen multiple offers and have had their homes sell quickly, often above asking price.
Georgetown Home Sales: What Buyers and Sellers Should Know
Buying or selling a home in Georgetown requires the assistance of a local real estate agent who understands the market trends and how those can impact buyers and sellers. A qualified realtor serving Georgetown has extended experience in the community and can provide top-tier insights and advice specific to this area.
The prestigious Washington, DC, neighborhood has an abundance of charming houses and condos that offer both comfort and convenience. Whether you’re searching for a historic charmer with a history to tell or a modern-day marvel, these homes for sale in Georgetown have something to appeal to every buyer.
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