How's the Market?

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"How's the market?" is the #1 question I get from everyone.

My hot take: The sky is NOT falling. Double-digit, year-over-year drop in sales in Q1'23 v. Q1'22 is not necessarily because the interest rates are now hovering around 6.5%. It's directly related to the lack of inventory available to purchase.

And this low supply is creating another strong sellers' market in the DMV. We are seeing the return of multiple offers with no contingencies on our listings.

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