Have you finally thought about moving to a new place? Have you seen and wondered about Washington DC housing market trends? Before we start talking about it, we have to mention the move itself. You know that moving can be a difficult and stressful process. Unless you do it properly, it can turn out to be hectic, time-consuming, and exhausting. In order to avoid that, you will need to hire professional movers. To find such movers, go online and search state to state moving companies. We are sure that you are going to find the perfect ones for you. Also, before moving, make sure to make a plan, pack properly, and think about housing options. Here, we are going to talk about housing trends in the past 2 years.
A few words about Washington DC itself
If you are moving from Texas to DC, you have to know a few things about Washington itself. It’s the capital city of the US and it’s located on the east side of the Potomac River. It forms the border with Virginia state, and on the other side, it shares a border with Maryland state. This city has a population of almost 694,000 and it’s no wonder. When you move here, you are going o have a lot of options for activities. For example, you might find interesting cafes, bars, restaurants, parks, or nightclubs. There is something for everyone!
What happened during the COVID-19 pandemic?
You have probably heard about everything that has happened during the COVID-19 pandemic. Many people have lost their jobs and everything has changed. It affected housing options all across the world but especially in Washington. State to state movers Texas said that they have never witnessed so many sold houses. The average number of houses that have been sold monthly was around 450-500, which is quite an amount.
Seems like the housing market has finally calmed down
One great news when moving to a DC, that can help you manage your stress, is that the housing market has finally calmed down. As we’ve already said, prices were breaking records during the heat of the COVID-19 pandemic that has undoubtedly affected our lives. From the latest news from multiple sources, it seems that prices have finally started going down and this could be a perfect opportunity for you. They say that it’s started happening over the summer and it’s still going on.
How much money are we talking about?
Since we are talking about the Washington DC housing market, we have to mention the prices of homes and apartments. Some statistics say that the median home value is around $600,000 which is a considerable amount. If you are looking to rent the home, we are talking about $1550 which is almost $500 above the national average. What we suggest you do is to check all the options out there if you are looking to buy a house.
