The Washington, D.C. Metro Area housing market continued to see increases in closed and pending sales in October, with pending contracts at the best levels in a decade. Median sales prices were comparable to both last year and last month [but showed a decline in the year over 5 year average]. Inventories continue to grow, driven by the highest October level of new listings since 2007, but at a continually slowing rate.
…Year-to-date there have been 42,616 closed sales across the region, which is up 9.5% compared to last year, and all jurisdictions show increases in the number of sales compared to last year.
To read more, check out the article here: Full Article from RBI
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