Jan 09 2013
In such a fluctuating market, it would be challenging to see whether the market is recovering in the Washington DC Metro Area unless you looked at several reports.
While some areas such as Arlington and Washington DC are showing great recovery and double digit increases in value in 2012, it is important to note that some areas are not recovering as well.
Take a look at the Washington DC Real Estate Market Report and you’ll see that while the days on market is diminishing and the home prices are going up, inventory is very low. This is great news for sellers, but what does this mean for home buyers? Home buyers who elect to purchase now, may beat the pendulum as it swings back toward an upward direction.
Please see the Bethesda Real Estate Market Report. Bethesda, although not as strong as the Arlington Virgina real estate market has remained stable and continues an upward trend in home sales.
Whether you are planning on selling now or not, it is helpful to continue to be informed about market conditions.
Please email Carolyn Thompson, Associate Broker if you would like monthly reports emailed to you. CT@MRIS.com