October was a strong month for the DC real estate market, after a slower start to the fall. Compared to October of last year, closed sales were up, as were active listings and the median sale price (Source: Real Estate Business Intelligence). Video recap.
My take: Like these stats, my colleagues and I are seeing an increase in activity in recent months when the market typically slows down. Buyers are wisely taking advantage of the still relatively low interest rates and improved inventory.
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