Real Estate Directory

Prices up for the 6th straight month

What city in the U.S. has a 3 month listing inventroy, even though listings are up 77%? The average price is $762,882-up 4.36% year over year. This the 6th straight month of appreciation. Realty Ttimes says the reason is that business is good as jobs have swelled in the area. Washington DC.

Washington D.C., A Buyer's Market

In regards to Washington D.C. homes and condos, inventory is climbing at a greater rate than contracts. This has resulted in the buyer having a much stronger bargaining position than last year. The rise in gas prices may influence the buyer to look at a closer proximity to the Washington D.C. location, which may reduce inventory somewhat, if interest rates remain near their present range.