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Question: How was the first quarter 2022 real estate market in the City of Alexandria?

Answer: Each quarter we take an in-depth look at contract activity in the City of Alexandria compared to the same quarter of the previous year. To put contract activity into context for the first quarter of 2022, we need to take a look at inventory. The lack of inventory is both consistent and persistent, and it is the reality that dominates that market.

Question: Real estate jargon. Just what are you talking about?

Answer: Real estate agents use a lot of industry specific lingo. To the new home buyer, it may sound like we’re speaking a different language. It’s not unusual to have a client say, “what does that mean?”

Question: Now that the spring flowers are blooming, I am excited about freshening up my house. Do you have any suggestions that will make a big impact, but not break the bank?

Answer: Thank you for asking! I just refreshed my own home over the past year and am thrilled with the outcome! I am happy to share my examples and to make a few more suggestions.

Question: Love It or List It?

Answer: Whether or not you’ve seen the TV show, the “LOVE IT OR LIST IT?” question is one familiar to many. Once upon a time, that question was somewhat straightforward, but now with many supply chain constraints and limited housing inventory, it’s more complicated. Let’s break down the two options.

Question: In this “seller’s market” do I even need to…Paint my house? Replace the carpet? Fix the wood rot? Remodel the kitchen? Do anything??

Answer: The short answer is — Yes! However, it’s complicated, so the BIG question is — How much money do you want to make?