June 8, 2007

May 2007: Market for DC Condos, Single-Family Homes

The Story:

Link: Greater Capital Area Assn. of Realtors

The Dish:
--- Condos: Invetory is down. Contracts up over last year. Prices are flat. No bubble bursting. Neither buyers, nor seller have an advantage, but this could turn into a sellers market.
----Single Family Homes: Supply of new homes to the market is down. No real direction in prices, but they are higher than last year. Again no real advantage for buyers or seller.
---Buyers and sellers should remember the Mantra: "A well priced property will move in this market."

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