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Trends in the Housing Market
According to a July 26 Washington Post article by Kenneth Harney, housing inventory is down in many major metropolitan markets, including Washington. Reduced inventory and higher demand may cause an increase in prices in some markets.
Another article in the post published on the same day indicates that the Washington market is recovering with average days on the market falling. Rising rents could be responsible for inspiring buyers to reenter the marketplace.
What do you think of the local real estate market? Do you feel we are transitioning from a buyer’s to a seller’s market?
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This entry was posted on Wednesday, August 1st, 2012 at 12:07 pm and is filed under market trends. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.