More Mixed Housing Data

Mixed Market DataYesterday the Wall Street Journal reported (via the National Association of Realtors) that existing home sales were up 7.6% in August.

That is all well and good, online but how did we fare in the DC metro area? The Washington Business Journal asked this very same question and came up with, you guessed it, mixed results. The same NAR report stated that in our region existing homes sales were actually down 9.7%. However, median prices were up 5.4%.

On the front lines we are still waiting to see what the post Labor Day market will bring. So far we have seen a swell of new listings come on the market, the question is, are there buyers out there who will come through and scoop them up in reasonable time, and at current prices?

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