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Buy a home in Washington DC. More DC Homes are coming on the Market.

By
Real Estate Agent with Samson Properties SP98364271

Buy a home in Washington DC. More DC Homes are 1421 Crittenden St NW Washington DC 20011coming on the Market.

 

 

According to a report released by RealEstate Business Intelligence and the George Mason University Center for Regional Analysis,more homes are coming on the market in Washington DC. This is great news for some DC homeowners who fear that they have lost value in their homes. New Washington DC listings increased more than 13% across all property segments in February compared to January.

 

 

This increase of Washington DC homes is a sign that the Real Estate Market has picked back up in the DC region. . And now that home values in DC have steadily increased,expect more houses to come on the market in DC. The median sales price climbed to $355,000 in February,that is a 3.4% increase over January and an 11.7% increase compared to February 2012. Single family detached homes showed the biggest gains compared to townhouses and condominums. Their median price grew by $72,000. That is a 19.5% increase from February 2012. And the average sale to list price ratio swelled to its highest percentage since June 2006,increasing to 97.1%.

 

 

Spring coming this month along with the average interest rates still around 3.6% this week,this should increase the home buying activity from some DC first time home buyers who have been very cautious as to whether they should take the plunge and start the home buying process. And as we head into the busiest Real Estate Selling Season of the year which is usually April-August,the time for DC home buyers to buy a house in DC is now. Remember when you are submitting an offer,be very competitive. YOU CAN'T LOW BALL IN THIS DC REAL ESTATE MARKET. If you lowball,you lose. Just simple as that. So if you are looking for a DC Real Estate Agent to help you sell your "House in DC",please click here

 

 

So if you are in the market to "buy a home in Washington DC",click HERE

 

 

Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

This is a very inspiring post and great news.  I'm sure your market has had low inventory so this is wonderful!  For anyone looking to buy in Washington DC Lanre can help. He does know his market!!

Mar 11, 2013 01:20 PM