An October Market Surprise, A Shopping Event in Bethesda, and the Rabbi Everyone’s Talking About!
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| October 2024 Market Update |
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| Hi Friends,
Welcome to the first installment of our recurring monthly newsletter featuring market updates in the DMV. In this edition, we'll explore the recent decrease in Days on Market (DOM) and the impressive rise in Closed Sales across all three markets. On a national level, we'll examine the decline in interest rates since February 2023 and the dynamic shifts shaping the market landscape. Whether you're buying, selling, or simply keeping an eye on market movements, our goal is to provide you with valuable information to make informed decisions. Let's dive into the data, uncover emerging opportunities, and get ready for the months ahead.
Sara & Arash |
| | | // DAYS ON MARKET (DOM) // |
| Washington, DC continues to set the trend with the highest days on market (DOM). However, in 2024, Montgomery and Fairfax Counties have experienced a decrease in DOM compared to 2023, indicating a rise in market competition. |
| | | | We experienced a strong start in 2024, with a significant increase in the volume of closed sales. However, the slight decline beginning in May 2024 could indicate a shift in market dynamics, possibly due to factors such as seasonal changes, economic conditions, or changes in buyer or seller behavior. It's important to monitor these trends closely to understand the underlying causes and anticipate future market movements. |
| | | | The Federal Reserve Bank reduced its benchmark rate for the first time in over 4 years. As illustrated below, once it determines that a change is warranted, the Fed can make significant adjustments quite quickly.
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| Explore the behind-the-scenes magic of our stunning new listing in North Bethesda, just a short stroll from the vibrant Pike & Rose! We meticulously attend to every detail to ensure our listing is photo-ready. We'd love to hear your thoughts! |
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Reformation: You're Invited!
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| I'm hosting a shopping event with Martha's Table at Reformation in Bethesda Row this Sunday 1-3pm. Bring new or gently used cold weather items (hats, scarves, sweaters) to benefit Martha's Table and recieve 10% off your purchase!
4823 BETHESDA AVE BETHESDA, MD
Hope to see you there! |
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| What We're Watching: Nobody Wants This
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| | | | | | | | | | | Apparently, everybody wants this new highly entertaining Netflix series. The show follows an agnostic dating and sex podcaster, Kristen Bell, who falls in love with a rabbi, played by O.C. alum Adam Brody. Their relationship is tested with questions of faith, their future, and a lovable but tough Jewish mother. But if they can find love in Los Angeles, anything is possible. We loved it! And it just got renewed for season 2! |
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Sara Azani & Arash Shirazi
REALTORS® M: 240.938.6640 M: 202.365.1899 sara.azani@compass.com arash.shirazi@compass.com rcollective.net |
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Office: 301-298-1001 Compass Real Estate is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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