What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
Low Inventory: How One Broker Solves the Problem
Ask anyone looking for a new home what the market is like and you will hear the same answer again and again: there is no inventory. It’s more than an empty lament. There are, in fact, only 1/3 as many properties for sale today as there were 5 years ago (see graph below).
Number of active listings in DC from 2008 to present.
One local brokerage has worked hard to address this problem. According to Lindsay Reishman Real Estate (LRRE), the solution is more straightforward than one might imagine.
“We have a simple approach to customer service: Find out what our clients want, then get it for them,” says principal broker Lindsay Reishman.
"What our buyers need right now are options. Rather than wait and hope that more inventory comes to the market, we’re finding opportunities that aren’t yet in the MLS."
The Reishman team has a threefold approach:
- Find boutique development projects before they become available online.
- Network with other agents.
- Personally reach out to owners of appealing properties on behalf of clients.
According to Reishman, the key to the success has been the collaborative effort. "Our agents get amazing support from the staff, which frees them up to be out in the field. They also all focus in different parts of downtown, so they cover the city in a way that would be nearly impossible for an individual agent."
To track the team’s success, follow LRRE’s blog.
Lindsay Reishman Real Estate specializes in townhouses, condos and co-ops in some of DC’s most desirable downtown neighborhoods: Logan Circle, Dupont Circle, Capitol Hill, Adams Morgan and the U Street Corridor. For more information on the brokerage, visit their website.
This article originally published at https://dc.urbanturf.com/articles/blog/finding_a_home_in_dcs_low_inventory/6737.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
- The 4 Projects In The Works Near DC's Starburst Intersection
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro