June could be the new best month to list a DMV home
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If this year looks anything like 2023, DMV homes listed in the second half of June could possibly make $12,700 more, per a new Zillow report.
Why it matters: More cash = more buying power in the D.C. region's tight market.
The big picture: May has long been the best month to list your house in the U.S. But in 2023, American sellers made the highest profits in the first two weeks of June, a Zillow study shows.
- This shift is largely due to mortgage rates, which cooled slightly in June and brought some buyers off the sidelines.
The other side: Buyers, if you want to avoid peak pricing, consider shopping outside of the spring and summer months.
What's next: Interest rate cuts aren't expected any time soon — but should they drop, D.C. agents still don't foresee much relief for buyers in our competitive market.