Wow! The townhome and condo inventory is low, low, low right now! OK, so given past performance of the seasonal market, that may not be such a big news flash. However, with the mild weather around the DC area this winter, more buyers than usual are out home shopping, jumping the gun on the spring market. Low supply and higher demand can be good news for sellers.
The market continues to recover from the wild roller coaster ride last decade and much of the market is still in the buyer’s favor, but right now appropriately-priced and well-maintained townhomes and condos are moving relatively quickly when they come to market.