January and February had everything working against them. A historic winter storm shut the DC area down on January 25 -- the worst in years -- and February brought another. Mortgage rates briefly dipped below 6% for the first time since 2022, which should have activated buyers. Instead, federal workforce uncertainty kept them on the sidelines. DOGE-related job anxiety was real and measurable in this market, and the people who might have moved didn't.
Eight homes closed across the two months. One new listing came to market. Most of what sold had been sitting since summer or fall and required price reductions to get there. The two exceptions -- both priced right from the start -- went under contract quickly and closed at or above list. Same market, very different outcomes.
Rates have since ticked back up into the mid-6% range as oil prices and inflation concerns reassert themselves. That sub-6% window may have been brief. Inventory is still thin, though -- one new listing in two months -- which creates real opportunity for sellers coming on this spring, as long as the pricing is honest.
Link to the January -- February 2026 Cheverly Market Snapshot
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