I would judge each option by fit and price discipline, not by urgency alone.
If you are stuck between moving now or waiting for better choices in The Fan District, VA, I would answer the question by looking at pace and supply together. Last month, supply was 1.8 months and a typical sale took 24 days, so the market still asks you to decide with purpose.
Those two numbers matter because they shape your margin for error. A typical sale took 24 days last month, and limited supply at 1.8 months keeps pressure on well-positioned homes. In The Fan District, VA, that means the right listing may not wait for a long internal debate. Still, I would not tell you to settle. The recent typical sold price of $605,250 compared with the typical active asking price of $674,950 tells me some homes may be reaching above what buyers have recently accepted, so your leverage comes from knowing what you will and will not pay for. Screen listings against your budget before you schedule tours. Compare the asking price to the recent closed range, not just to the finishes you like. Protect your ceiling and your standards. When both line up, be ready to move.
About Scott Fogleman
Scott Fogleman is a licensed Real Estate Professional affiliated with New Home Team, specializing in the The Fan District market. With a focus on strategic marketing and deep local knowledge, Scott Fogleman provides clients with expert guidance in navigating complex real estate transactions. View full profile →
