A significant increase in the number of D.C.-area homeowners putting their homes up for sale in March was equally matched by a big jump in the number of potential buyers in the D.C. area that signed a contract to buy.
Listing service Bright MLS reports the number of brand new listings coming onto the market in the D.C. metro last month was 44.5% higher than new listings in February — and almost 19.2% higher than new listings seen last March.
For every seller, there continue to be buyers, or at least potential buyers, interested. There were 4,952 pending sales in the D.C. region in March, according to Bright MLS, meaning the number of contracts signed to buy a home rose 42.1% from February.
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The strong buyer interest is also seen in real estate agent showings to prospective buyers, which rose by nearly 40% last month.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
