RBI (RealEstate Business Intelligence, LLC) reports that sales numbers and median price have increased from this time last year, but that new contracts have decreased slightly. "Additionally," they continue, "unseasonable declines in sales and median price from November could be an early sign of weakening demand."
Hoooold on! RBI states that it could actually be that buyers are waiting for the inventory to go up. And yes, history shows that inventory tends to be the highest in the spring. Pheeeeeew!
Here are a couple of visuals of statistics calculated by RBI on 1/4/2013....click HERE for full story.
Related:
See it, Believe it…and Then Invest in It!
How to Come Up With a Down Payment When You Don’t Have Savings
How Can I Stay On Top of the Market In My Neighborhood?
DC and VA Neighborhoods:
Washington DC NW Neighborhoods
Washington DC NE Neighborhoods
Washington DC SW Neighborhoods
Washington DC SE Neighborhoods
Miscellaneous:
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