Stittsville Housing Report
The Stittsville housing market has been extremely active over the past 6-9months. It has been quite amazing to observe. New regulations and rising interest rates have some homeowners wondering if we have seen the last of these price gains. Let’s take a closer look at the numbers to see whats happening right now in our community:
Our local economy is strong and consumer confidence is high. I really see no indications that this real estate market will cool anytime soon. Especially when I look at the most basic economic concept of supply and demand. Right now the supply is very limited in Stittsville and the demand is strong. We have only 6 weeks of inventory available right now in Stittsville. This indicates a strong sellers market. Look at the numbers for the townhouse segment this year compared to last. It is a pretty remarkable increase. We haven’t even hit the Spring market yet!
In about 6 weeks we will have lots of military buyers out looking to secure their Stittsville home. Their best hope is that there is more inventory coming to market soon.