The pace of home sales across the country remains remarkably brisk, with sales in the District outpacing even the strong gains nationally.
Potential buyers in D.C. may not get the first house or condo they want.
The number of closed home sales in D.C. in September — 930 — was up 47% from a year ago, and Long & Foster says the median price of what sold in the District last month was $640,000, which is 11% higher than last September.
As evidence of homes selling quickly, there were 1,838 homes listed for sale in D.C. as of the end of September ——1,607 of those were brand-new listings. The number of active listings in the District is down 10% from a year ago.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
