Don't assume prices will only decrease...

Don't always assume prices will only decrease. January brings a new year, and a new buyer and renter mindset. November and December are slow months for both renting and buying because of the holidays, but come January, renters and buyers are in full force to find a condo.

Many owners will drop the price of a rental or even a condo for sale during November and December to make their property look most appealing to the minimal demand, but don't think these great deals and lower prices will stay this low forever. If their condo hasn't sold or rented in the slow months, sometimes owners will push their prices back up in hopes that the new year will bring more of a demand. So, especially for renters, if you think you have the upper hand and can take your time find a rental and find the "best" deal, think again. Competition will increase.

For example, one TERRIFIC rental I found for a 2BR/1BA with free parking for $1495/month located on the other side of Rt.50 in Courthouse is raising their price to $1595/month come January 15th. Also, a penthouse in Station Square Condominium located in the heart of Clarendon just raised their price from the slow month's price of $674,999 to $699,999. The new year brings a whole new demand, and in turn, a whole new price.