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Navigating the Summer Market

Hans Wydler

Navigating the Summer Market
Summer is officially here and with it we are seeing a fairly typical seasonal slowdown, particularly in the single family home market.  While well-priced homes in desirable locations can still command multiple offers in a weekend, much of the energy we saw in the spring has calmed down. As you can see from the chart below, Sales Volume typically peaks in June (give or take a month) and then bumps up in September/October only to quiet down until January/February when it starts to pick back up again.
As the chart illustrates, we expect the market to pick back up after Labor Day as it usually does, but perhaps a little more muted as this year is a presidential election cycle, and markets hate uncertainty. Since politics is our hometown sport, this is particularly true for the DMV. Looking further out, we are quite optimistic for 2025. We believe that interest rates should start to moderate by then, and also anticipate that the pent up demand created by the last couple of years of record low sales, coupled with the post election boost, will energize our market and create more buying opportunities for buyers and strong valuations for sellers.

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Wydler Brothers have been selling residential real estate for over 20 years in the DC metro area. Along the way, they’ve achieved numerous awards and recognitions, including being recognized as “The Most Innovative Real Estate Agent in America” (Inman, 2014), written several articles for The Washington Post, authored a book, “Inside the Sell”, co-founded a real estate tech company which sold to Move, Inc. in 2013, and built Wydler Brothers into a highly respected boutique brokerage with 70 agents and employees which they sold to Compass in 2019. Currently, Wydler Brothers is among the top 3 teams in the DMV and was the #1 Compass Team in 2022.

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