Low inventory drives up Washington area house prices
Spring home-buying season may be heating up, but the Washington region is still a seller’s market. According to a report released Tuesday morning by RealEstate Business Intelligence, there’s been an increase of buying activity, but low inventory in the D.C. area continues to drive up prices.
Traditional sales were up 43.2 percent month-over-month in March. Meanwhile, the active inventory of homes is down 26 percent from March of last year: There were only 10,503 active listings in the area last month, and townhomes were in shortest supply.
(RBI)
Washington’s home inventory has been at all-time lows for months.
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Traditional sales were up 43.2 percent month-over-month in March. Meanwhile, the active inventory of homes is down 26 percent from March of last year: There were only 10,503 active listings in the area last month, and townhomes were in shortest supply.
(RBI)
Washington’s home inventory has been at all-time lows for months.
Click here for full article
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