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

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.