March 2012 Wash Park Market Stats

April 13, 2012 by Admin

SPRING HAS SPRUNG AND SO HAS THE REAL ESTATE MARKET…

The size of our inventory and the days on market continue to be low numbers. Both are very positive indicators of an improving market. The number of closed sales is down from last year. Once again, I think this is more of an indicator of low inventory than of a depressed market. There simply are not enough good listings for the buyers to buy. As more have come on the market very recently they have flown off the shelf. That is indicated in the big increase in properties that are under contract.

So, we have positives all around. With less than 4 months of inventory, we have a seller’s market. The situation for the buyers is pretty competitive, especially in the lower price ranges. However, when a buyer does secure a house, they get to enjoy the remarkably low interest rates.

MAR 2012 Report

WASH PARK CHART

Past Reports and Chart

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March 2012 Wash Park Market Stats

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