DC Metro Double-Digit Price Increase in May for the 2nd Straight Month
Posted on June 11, 2012 by Corey
Hart
From :RealEstate Business Intelligence - RBI
Inventory in the Washington region continues to shrink. In May, the level of
active listings was at its lowest May-level since 2005. Additionally, the
number of distressed property listings (foreclosures and short sales) is at the
lowest level since MRIS began tracking this metric in April 2009. The reduction
in supply is putting upward pressure on prices, as evidenced by the 11 percent
rise in the median sales price from May 2011.
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