Thursday evening, Alexandria Living Magazine hosted a virtual panel of McEnearney Associates real estate experts to talk about the spring and summer real estate market, coronavirus, Amazon's HQ2, mortgage rates and much more.
Watch the video of the event below!
The first few months of 2020 were very strong in the local real estate market. Contracts slowed significantly in the second half of March and in April, said Dave Hawkins, COO of McEnearney Associates, before the rebound started in May. June should be even stronger for local real estate activity.
The number of homes available for sale remains much lower than this time last year. In May 2020, there were 35.3 percent fewer properties on the market than there were in May 2019 in Northern Virginia, Hawkins said. Price have largely held. "That demand and supply comparison -- that relationship -- has remained relatively constant this year compared to last year," Hawkins said.
Learn much more from Hawkins, plus Babs Beckwith, Jillian Keck Hogan, Sandy McMaster and Atlantic Coast Mortgage expert Brian Bonnet in the video below! (Or click here to watch on Facebook.)
