cooldcre: DC's Real Estate Market: It's A Little Crazy Out There!

New condos in DC Districtre.com The Isaacs Team LLC

DC's Real Estate Market: It's A Little Crazy Out There!

DC real estate market Susan Isaacs, Realtor

DC's Real Estate Market: It's A Little Crazy Out There!

If you've been house hunting lately, you know there's a lot of activity in the DC market... and more than a few buyers competing for the same properties.

RBI released their February market data to few raised eyebrows. More robust than January, which saw buyers jumping in to the market wholeheartedly.

And that DC inventory shortage you've been hearing about? So true. Especially condos.

RBI reports median prices rose 6% and inventory dipped to its lowest level since 2005. Contracts are up 1.9% too, so expect inventory levels to slip again in the March report (due April 10th). There haven't been this many contracts in February since 2007.

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Comment balloon 2 commentsThe Isaacs Team llc • March 12 2012 02:01PM

Comments

It's a little crazy over here in Northern VA too!  Spring is in the air and the buyers and sellers are out in full force.  Glad to know our "neighbors" are doing well.

Posted by Gina Tufano, Ask Gina & Company, Northern Virginia Real Estate (Ask Gina & Company with Pearson Smith Realty) over 6 years ago

Fantastic, sell my listing at 4490 Market Commons Drive #705!  : D

Posted by The Isaacs Team llc, BUY SMART. SELL SMART. HIRE SMART AGENTS. (Slate Properties 1121 5th St NW DC 20001) over 6 years ago

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