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!


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Filed under How's the Market?, Real Estate

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