It is rare that I hear good news about the real estate industry. The media focuses almost exclusively on bad news. And there are plenty of negative stories to report, if that’s what you are looking for. But there is also more than enough good news to go around.
As a Washington, DC-based realtor I am fortunate, indeed. I live in one of the strongest real estate markets in the country. But I am sure that good things are happening in other places as well. I thought I would do my part to spread the good real estate news. Here are some examples from my local area:
1) In the Washington, DC region, pending sales of existing homes are up 31% from a year ago
2) Median sales prices in the Washington region also rose 7.5% from a year ago to $315,000
3) 3,198 purchase contracts were signed in the region in January, posting the highest monthly and yearly increases in pending sales activity in more than a decade!
I’d love to hear good real estate news from other local markets. Let’s spread the word!
Contact me if you are looking or having clients looking in the Washington DC area for DC property or real estate with Long and Foster Real Estate, Inc.
I love living, working and playing in the Washington DC area and will be a true advocate for you before, during, and after your home purchase. Whether you are looking at a home, rowhouse or luxury condo anywhere in the DC real estate area, you can be sure your needs will be met and your requirements for a home taken as my top priority. It really pays to have someone who knows the area.
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