dc realtors: Are bidding wars coming back to the DC real estate market?
- 04/05/11 07:36 AM
Over the past few weeks, DC realtors have seen an increase in buyer activity and a lack of supply of high quality homes in DC and Northern Virginia. This trend is evident in properties ranging from condominiums in Logan Circle to single family homes in American University Park. We are witnessing a lesson in Economics 101: Supply & Demand.
Are bidding wars coming back to Washington DC? The short answer is Yes, but only in certain sought-after DC neighborhoods such as Dupont Circle, Logan Circle, and American University Park. DC realtors are seeing 3-4 offers w/ escalation clauses on … (2 comments)
Over the past few weeks, DC realtors have seen an increase in buyer activity and a lack of supply of high quality homes in DC and Northern Virginia. This trend is evident in properties ranging from condominiums in Logan Circle to single family homes in American University Park. We are witnessing a lesson in Economics 101: Supply & Demand. 
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