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Market Absorption Rates for the Northern Virginia & DC for May 2012

By
Real Estate Agent with Coldwell Banker Residential Brokerage
The real estate trend with declining inventory and increased sales continues in May for Northern Virginia. Closed sales were up 21.75% year over year and 21.63% month over month. Average sales price was up 5.52% while inventory and days on market continue to decline 23.03% and 23.21% respectively. Check out the latest market absorption for the Northern Virginia and DC markets.