Things to do in Washington DC: February 2012

Washington DC Real Estate Market Report-January 2012

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.
In 2012,All Economic measures are pointed in a positive direction and more strongly so than a year ago.
  • UNEMPLOYMENT IS DOWN.
  • GDP (Gross Domestic Product) is up.
  • Corporate Earnings are up.
  • Consumer Confidence is on the rise.
All of these positive indicators set the state for continued recovery in the
Housing Market. Pending Sales(offer has been made and accepted) 

increased 9.3% from January 2011 to a 

level of 529. This is higher than December and bodes for the 

years beginning and shows evidence of increasing consumer 

confidence. Perhaps the biggest story in the Regional Housing 

Market is declining Housing Inventory which is bringing Supply

 and Demand picture into better balance. 


Active January DC Listings were down 27.6% from a year ago. 

RESULTS: Months supply of available housing is declining. 

January rate which is 3.2 months is down -22.2% from 

December 2011 and in the range of indicating a Seller's Market.

DC Spring Housing Market looks to be a very good one.
And if you are in the market to  Buy a home in Washington DC CLICK HERE

Click here to Receive up to $15,000 from government programs that would assist you in down payment and closing cost fees when you buy your house                                                                          

Want to do a MAP SEARCH of houses for sale in Washington DC,Maryland-Prince George's County,Montgomery County,Charles County,Anne Arundel County and/or Virginia? Click on this link

 

Want to get a list of recent SOLD HOMES in your area of choice? Click on this link 

 

Click on this link to download my KW Mobile App to search homes for sale on your mobile phone,IPAD or tablet http://app.kw.com/KW2GQDDCJ

 

kw logo      https://www.linkedin.com/in/bornagain00

 

 

 

                       

  

 

Comment balloon 4 commentsLanre-"THE REAL ESTATE FARMER" Folayan • February 23 2012 12:33AM
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