Madeline Homes

08/14/2024

Just opened doors and turned on lights right!?!

08/11/2024

08/04/2024

07/25/2024

Come by this Saturday and Sunday 1 to 3for a tour of this amazing condo. Updated and ready for the new owners. Two bedrooms, two bathrooms, wood burning fireplace, private deck. Reynolds Prospect is a must see community.

11/06/2023

Contract activity for the week of October 29 – November 4, 2023 in the Metro DC area rose by 5.3% compared to the same seven-day period last year.

Key Takeaways:
· Remarkably, four of the six jurisdictions in the metro area posted increases in contract activity. And this is the first overall week-over-year increase this year.
· Don't read too much – or too little – into the positive news this week because one week doesn't make a trend. But it is nonetheless encouraging.

Why it Matters:
· Even though mortgage interest rates are still near 8%, they ticked down slightly last week.
· That modest decrease in rates, combined with crisp, pleasant fall weather all week, may have been enough to coax some buyers back into the market.
· Once again, homes that went under contract sold much faster than last year – almost two weeks faster. Overall, last week, homes went under contract in an average of 30.2 days, compared to 42.8 days this same week last year. Only Washington, DC, had higher days on the market.

11/04/2023

Just Sold! Congratulations to my buyers- who are excited to move in to their new home in Chantilly! 🏡

📍This gorgeous home features an elegant main-level dining area, modern kitchen fit for any chef, cozy family room, powder room and access to the deck – great for entertaining!

Send me a DM if you are in the market to purchase a home. I would love to work with you!

11/03/2023

Take a look at this weekend's open house guide! For more information on these homes, visit mcenearney.com/open-houses-new.

10/31/2023

Take a look at the newly listed homes at McEnearney Associates! To view the full list, please visit mcenearney.com/new-real-estate-listings.

10/30/2023

Contract activity for the week of October 22 - 28, 2023, in the Metro DC area fell by 12.0% compared to the same seven-day period last year.

Key Takeaways:
· High mortgage interest rates continue to soften buyer demand. There were 9% fewer contracts last week than just the week before – but remember, that’s not unusual for late October.
· Over the last couple of weeks, the Virginia side of the Potomac has fared a little better than the DC/MD side.

Why it Matters:
· Last week, there was a 29.5% decrease in the number of new listings coming on the market compared to the same week last year, and a 6.2% drop from just last week.
· This seemingly contradictory market of falling buyer demand and homes selling for fewer days on the market continues.
· Overall, homes sold an average of 30 days last week, five full days faster than last year. There isn’t enough inventory, and it’s not going to change anytime soon.

10/23/2023

Contract activity for the week of October 15 - 21, 2023, in the Metro DC area fell by just 3.2% compared to last year's seven-day period.

Key Takeaways:
· Mortgage interest rates hit 8% last week, a full point higher than this time last year. Yet, three of the six jurisdictions we track posted increases in contract activity.
· Northern Virginia, Loudoun County, and Prince William County all had a positive week, and Prince George's County was almost unchanged (down just 0.6%). The outlier was Washington, DC, with a 26.4% drop in buyer activity. But that significant drop is primarily because of the continuing weakness in the condo market, which saw a 36% drop last week.

Why it Matters:
· Buyers have adjusted to the higher interest rate environment better than sellers, as we continue to see a steep drop in new listings coming on the market. Last week, there was a 32% decrease in the number of new properties.
· We continue to be encouraged by the fact that the market isn't softer than it is. The cost to purchase a home is significantly higher than a year ago, and buyer activity has held up remarkably well in the face of the increase.
· And the lack of listing inventory contributes to the fact that homes are selling a full week faster than last year – an average of 27 days last week vs. 35 last year.