Magnolia Property Solutions, LLC

Real Estate Investing

Low inventory continues to plague the D.C. housing market

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August is typically one of the slower months in the D.C. area housing market, and last month was no exception. With Congress out of session and nearly everyone on vacation, few people were looking to buy or sell a house.

Even though month-over-month numbers such as units sold, pending sales, active listings and new listings wilted in the August heat, there were still encouraging signs when looking at the year-over-year numbers, according to the latest data from RealEstate Business Intelligence. Except for active listings, all the other numbers showed increases from August 2012.

http://www.washingtonpost.com/blogs/where-we-live/wp/2013/09/10/low-inventory-continues-to-plague-the-d-c-housing-market/?hpid=z16

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