I would call it favorable, but only for listings that respect recent buyer behavior.
If you are asking whether sellers still have the upper hand in The Fan District, VA, I would say they do, with an important caveat. Last month, supply stood at 1.8 months and typical accepted offers matched asking at 100%, but leverage still depends on how the home is positioned.
Those are strong signals for a seller. Supply was 1.8 months and typical accepted offers hit 100% of asking over the previous 30 days. In The Fan District, VA, that supports confidence on price and terms when the home comes to market cleanly and competitively. The caution is in the pricing spread. Typical active asking prices were $674,950, while the typical sold price was $605,250. I read that as a reminder that leverage exists, but it gets weaker when a seller mistakes a favorable market for permission to price without restraint. Use low supply as support, not as an excuse. Tie your price to recent closed results. Prepare to negotiate from evidence. When your launch is aligned with the market, seller leverage becomes much easier to protect.
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 →
