Washington DC Real Estate Market Report-January 2012
Washington DC Real Estate Market Report-January 2012. First one of the year. Many of you have been wondering how was the Real Estate Market in Washington DC last month? Well if it was like the unexpected weather,chances are we are in for some good news.
Sellers now have control: If you are a home buyer looking to buy,this is still a good time to "buy a home in Washington DC." But with now as a DC Home buyer,you don't have that luxury of having many available inventory to choose from. The power has now SHIFTED to the Seller's. There are 3.2 months supply of DC Houses for sale. Many factors helped buffer the DC Housing Recovery.
- Higher gas prices.
- European Financial Rollercoaster
- Inability of Congress and the Administration to negotiate agreements on National Debt and Budgets.
- UNEMPLOYMENT IS DOWN.
- GDP (Gross Domestic Product) is up.
- Corporate Earnings are up.
- Consumer Confidence is on the rise.
Want to get a list of recent SOLD HOMES in your area of choice? Click on this link
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