Saturday, July 7, 2012

DC, MD, VA Open Houses: July 7-8

In the hyperlinks below I've attached open houses scheduled this weekend in DC, Arlington, Alexandria, and the close-in Montgomery County suburbs.

  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show locations & photos.
  • All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.

Washington, DC



Montgomery County
Bethesda, Chevy Chase, Potomac, Rockville, Silver Spring, Takoma Park

Delta Associates released its most recent Washington Condominium Market Overview on July 5.  Condo resale prices increased 8.5% from May of last year while inventory remains low.  For mid-year 2012 Delta reports the strongest sales were in the Capital East market — which includes the H Street corridor.

Recent trends in the local Washington area signal it is a seller’s market heading into the summer months. Continued increases in sales prices over last year combined with low housing inventory and shorter days-on-market indicate increased competition between buyers for fewer available properties.

RBI's May 2012 housing report for the DC Metro area -- released June 11 -- shows the following changes in the market:

  • sales prices rose 11% over May of last year
  • contracts are up 1.6%
  • inventory is down 32.4%
  • days-on-market have dropped 17.6%

For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.

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Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.

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