Home has never been more important than now. The one thing that is certain in these times is that the place we live has become more valuable than ever. While we are all spending more time inside our homes, we have all began to recognize just where our space might be lacking. Perhaps you need more space or less space, maybe you lack private outdoor areas or maybe you think you need more windows. Whatever the issue is, are you ready for a change? Quick market recap before we take a virtual trip around the world. The first few months of 2020 showed just how much pent up demand there was in the DMV. January and February were busy months and March is when we seemed to hit the pause button to reassess where we stood economically and gauge the markets.
While there was already lower inventory, COVID-19 has exacerbated that. What we will likely see as the stay-at-home orders begin to lift, is a mad dash to purchase. We will see the Spring Market hit as predicted, but a little bit later this year.
If you're looking for a change, now is the time to make that move. If you are a seller considering selling, but waiting on the sidelines, don't wait. There is someone out there looking for what your home offers. At this point, going to the grocery store is more dangerous than touring a home right now.
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