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Realtor Q&A: Where's the local market headed?
Karen Briscoe and Lizzy Conroy quoted in Sun Gazette!
Karen Briscoe, Huckaby, Briscoe, Conroy Realty Group, Keller Williams Realty:
“There is still very strong pent-up demand for buyers who previously didn’t get a home. So it will be a demand-driven market. There will still be more buyers than sellers out there in most segments, just not maybe a dozen buyers for every property like before.”
Lizzy Conroy, Huckaby, Briscoe, Conroy Realty Group, Keller Williams Realty:
“Opportunity knocks in any market. We will continue to see low inventory in the Northern Virginia suburbs, which means sellers who price and prepare their homes correctly for the market will benefit. While interest rates are on the rise, they are still historically below the 50-year trend line. Unlike during the COVID market frenzy, buyers will regain some leverage in the form of contract contingencies and price negotiations. Over the long term, the Northern Virginia market grows in value. This should give confidence to buyers that owning real estate in our area is the right move.”
Karen Briscoe and Lizzy Conroy quoted in Sun Gazette!
Karen Briscoe, Huckaby, Briscoe, Conroy Realty Group, Keller Williams:
“It was 20 years ago in my first year selling residential real estate. It was a property inside the Beltway on Crest Lane in McLean with a view of the river. The buyer wanted a million-dollar property in that area with a river view, but I didn’t know if that existed. I accepted the challenge and found him that home. It was my first million-dollar home and that felt good to achieve such a milestone. It’s like running a 4-minute mile for the first time.”
Lizzy Conroy, Huckaby, Briscoe, Conroy Realty Group, Keller Williams:
“It was my first year in residential real estate. It was a very special transaction [in 2010], because I got a referral from a family friend. I was the seller and working with a very kind and gracious and accomplished professional woman. Her husband was an artist and the buyers were musicians. So the setting of the home was very peaceful. The home sold for $1.3 million. That showed me I could do it, as well as work with an accomplished person. The whole thing was an excellent experience.”