Change is coming to Washington. Does it hold true for our real estate market?

Election day is over and everyone in the Washington, DC area is anxious to see what will happen in the real estate market. Right now, property is selling and prices are holding in close-in neighborhoods. After the election in 2006 the market experienced a surge of activity in late November and December which are typically quiet months. Will we see that again in 2008? So far there is not much pick up in showings but we are seeing more serious buyers coming through the open houses gearing up to buy in 2009. Spring promises more activity which should help keep prices level—don’t expect to see any increase in prices. What we see right now is likely what we will see in 2009.