Days on the market til sale is a great indicator of the market pace in DC – it’s down over 33% to 63 days, on average. Prices for condos are up to $419,204 while single family homes are still down, $548,073. Of the 492 properties sold last month, 65 were bank owned and 24 were short sales, that accounts for about 18% of the market.
Look at the stats for our local MLS provider: MRIS
Hint: Click on the picture below to make it bigger and easier to read!
That is pretty good news for Arlington but here in Palmdale, CA we are still suffering miserably. We have something like 2,000 homes on the market and sold about 300.