How’s the Market? Washington DC May 2012

Check out this video for the latest data on the DC housing market.  A few highlights:

– Supply still low:  May inventory was 34% lower than May last year.

– Demand going up:  May days on market were down and closed sales were up relative to May last year.

– Prices may increase:  If these trends continue, laws of supply and demand suggest prices will go up.

Let me know if I can assist you with your real estate needs!

Advertisements

Leave a comment

Filed under How's the Market?, Real Estate

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s