This week the latest housing statistics for Washington, DC in February 2012 were released by the Greater Capital Area Association of Realtors (GCAAR). The report shows sales and contracts have increased over last year as inventory has dropped substantially.
Single-Family Homes:
- sales have increased 3.5% over February 2011
- inventory down nearly 30%
- contracts are up 0.8%
- sales have increased 7.2% over February 2011
- inventory down nearly 25.3%
- contracts are up 20.5%
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