As of November 2024, closed sales in the Washington, D.C. metro area have shown notable improvement, with a 7.7% increase compared to November 2023. This growth has helped shift the year-to-date sales trend into positive territory, up by 0.5%. The outlook for the market remains optimistic, bolstered by strong performance in new pending sales, which saw a significant 13.8% year-over-year...
Terring Wang
The holiday season can be just as expensive as it is joyful, but fortunately, there are plenty of free events around the DC area that families can enjoy. Some popular highlights include tree and menorah lightings, such as the National Harbor Tree Light Show and the National Menorah Lighting. Parades like the Scottish Christmas Walk in Old Town Alexandria and the Christmas and Holiday Parade...
https://terringwanggroup.com/wp-content/uploads/2024/12/Dec-8-Market-Watch.mp4 As we approach the end of the year, the real estate market in the DC Metro area is showing continued signs of activity, with key indicators revealing mixed trends as buyers and sellers adjust to current conditions. New Listings: The number of new listings in the DC Metro area reached 836 this week, representing a 12.8%...
https://terringwanggroup.com/wp-content/uploads/2024/12/Dec-1-Market-Watch.mp4 As we approach the final weeks of 2024, the DC Metro real estate market continues to show signs of seasonal slowdown, with notable shifts in key metrics. The week ending December 1, 2024, presents a mixed picture for homebuyers and sellers alike, with decreases in new listings and purchase contracts, while median list prices...
https://terringwanggroup.com/wp-content/uploads/2024/11/Teso-Life-small.mp4 🎉 Exciting news from the Shops in Congressional Shopping Center! We're thrilled to welcome Teso Life, our newest tenant, who just opened their doors yesterday. The enthusiasm and long lines are a testament to their promising start! 🌟 But that's not all—mark your calendars this November, as two more restaurants...
CityCenterDC and Events DC are joining forces to celebrate the holiday season in downtown Washington, D.C. The 11th Annual CityCenterDC Holiday Tree Lighting will take place on Saturday, November 30, at The Park at CityCenter. As part of the event, Grammy-nominated artist Jordin Sparks will perform alongside the American Pops Orchestra. Events DC President and CEO Angie M. Gates expressed excitement...
https://terringwanggroup.com/wp-content/uploads/2024/11/NOV17-Market-Watch.mp4The Washington DC real estate market for the week ending November 17, 2024, shows steady activity with mixed trends. Buyer interest remains strong, as evidenced by a 26.3% increase in showings year-over-year and a 14.4% rise from the previous week. However, new purchase contracts have slightly slowed down, down 2.3% from the...
https://terringwanggroup.com/wp-content/uploads/2024/11/AREAA-Final-1.mp4 🌟Exciting times in Vegas! I'm thrilled to have been a speaker at the commercial sections, sharing my journey from residential to full-time commercial real estate. Engaging with the audience was a fantastic experience, and I'm grateful for the opportunity to connect and share insights. 🌟 If you have any commercial or...
Join us for an enlightening journey into the world of commercial real estate! 🌟 Terring Wang, AREAA DC Commercial Committee Chair, invites both members and non-members to an engaging event that promises to unveil the intricacies of the commercial real estate landscape. This is an exceptional opportunity for seasoned investors and newcomers alike to expand their knowledge and network...
https://terringwanggroup.com/wp-content/uploads/2024/10/Market-Update-27Oct-1.mp4For the week ending October 27, the Mid-Atlantic region saw 5,783 new contracts. With improved affordability this fall, new contracts are up 13.2% compared to the same week in 2023, and are noticeably higher than levels from 2022 as well.There has been a substantial increase in showings for the second consecutive week,...