April Wash Park Market Report

ONE STEP FORWARD, TWO STEPS BACK…

Now is it getting interesting. We see that the number of homes sold this month is down from last month and way down from last year. This time last year, the market was stimulated by the tax credit. That explains the year to year difference, at least in part. The decrease in April is probably due in part to the sharp decline in inventory. I know that I have Washington Park buyers who are having a hard time finding a property. There just is not enough to choose from right now. So, it is deceiving. It actually is a good time to sell in Washington Park because the inventory is low so there just isn’t much competition.