How’s the Market? Washington DC August 2012

Check out this video for the latest stats and trends!  Here’s a quick summary of the storyline…

– Strong demand:  New pending contracts were up 13.8% this August compared to last August

– Tightening supply:  There were 34.8% fewer active listings this August than August last year, the lowest August level in 8 years.

– Prices going up:  Median sale prices were up 9.8% this August over last August.

So it is a great time to sell!  It’s also still an excellent time to buy with historically low interest rates.  Let me know if I can help.  Or if you know someone looking to buy or sell, I always appreciate referrals: 202-905-5369 /jennifer.macomber@gmail.com

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Filed under How's the Market?, Real Estate

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