Image item
On Holiday?
August is that month, right? Everyone takes a holiday. It sounds so glamorous. I've often wished for the entire month off like many Europeans. Historically, our DC housing market has taken an August Holiday. We'd see a slow down in July that continued through August then an uptick come September.
The last two years, that didn't happen. 
But, this year, it is back.
August is just a little sleepy this year. Inventory hasn't risen yet, and some buyers are still sitting on the fence.
How have I seen this play out? Fewer showings, fewer closings at my brokerage, longer days on market. 
Look at the chart below that I pulled from the MLS. I pulled stats this year to day for DC only. The green line shows the average days to sell. That kept declining until July then right back up it has gone. The number of listings has taken the opposite turn. Certainly every neighborhood is different and Virginia as a whole is a bit different too.
So the balancing market, leaning toward a buyer's market has begun.
 If you'd like to talk through, please reach out. 
Image item


What to Sip
Chandon Garden Spritz
Have you tried this? I first found it at the Citi Open then at the Washingtonian Best Agents party. Garden Spritz is a blend of sparkling wine and a unique bitters recipe crafted with fresh oranges macerated with dry orange peels, herbs and spices. It a little bit of summer in a glass.

How have you been? I'd love to hear from you!
Sherri Anne
PS: I have a new email partner, Flodesk. Some email addresses that unsubscribed from my previous provider may have been put into the subscriber list here. If you no longer wish to receive my updates, please unsubscribe below. Thank you for your understanding!

The latest from Instagram

You can also find me here

Curious how I’m creating these gorgeous emails? Meet Flodesk and get 50% off with my code!

You are receiving this email as we have an established business or personal relationship. 
Affiliated real estate agents are independent contractor sales associates, not employees. Not intended as a solicitation if your property is already listed by another broker.  The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company-owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.