Times are Changing in the Washington, DC Real Estate Market

Times are changing in the Washington, DC area real estate market. A year ago, sellers would quickly get multiple offers for their properties. Escalation clauses were the norm and agents were doing minimal work to sell properties. All you had to do was stick a sign in the front yard and the property was sold by the end of the first open house! But now, all that is changing. The supply of houses on the market has increased drastically compared to this time last year. Even though I believe there are just as many buyers currently looking there is more to choose from, making this a