NO MORE TALK OF RISING PRICES, BUT NO BURSTING BUBBLE

People used to ask at cocktail parties, how how high is it gonna go? Well the DC real estate market peaked about 6 months ago. The February stats from the Greater Capital Area Assn. of Reator show a stagnating market, a trend that was in evidence last month too.

Median prices are up/down; inventory grows.

CONDOS/CO-OPS:

MEDIAN PRICES:

Feb. 2005: $363,000,
Jan. 2006: $347,000,
Feb. 2006: $373, 450, a 7.4 percent jump from the prior month, and a 2.8 percent gain from a year-ago level.

RISING CONDO INVENTORY:














SINGLE FAMILY HOUSES:

MEDIAN PRICES:

Feb 2005: $418,000,
Jan 2006: $460,000,
Feb 2006: $435,050, a 5.4 percent decline from the prior month, but a 4.1 percent increase from a year ago.

RISING SINGLE FAMILY INVENTORY:
















source: Greater Capital Area Assn. of Realtors