Sold dollar volume is way down (-51%) as well as units sold (-45%). This is not a sign of a declining market but rather the opposite: we currently have an inventory crisis in SW and all of DC. This is why the sold dollar volume is so low compared to […]
Southwest Real Estate Update: December
Rarely in a real estate market can you say that it’s a great time to buy and simultaneously a great time to sell but this is the case right now. With interest rates still low it’s tough not to make a case for buying. At the same time, inventory remains […]
Southwest Real Estate Update: No holiday slow down
I don’t see a holiday slow down in these stats. Average sold price, median sold price and units sold are all up compared to November 2011. I expect this trend to continue as long as inventory remains low. (The information below is deemed reliable but not guaranteed.) November 2012 November […]
Southwest Real Estate Update
Wow! October proved to be a very strong market for 20024 zip code. The average sold price is up 86.42% over October 2011 (keep in mind this is not an annual stat but rather a snap shot of the trend from the same month previous year). Markets can be tracked […]