DC still ahead of national housing market
July was a great month for the housing market nationwide, but a particularly strong one for homes in and around the district. The metro has remained relatively strong in the years following the housing collapse, buoyed by low unemployment and stable prices, but it has heated up even more than the improving national market since the summer began. As this trend shows no signs of subsiding, now could be a great time to look at one of the homes for sale in Washington, DC.
As demand for real estate in the city has steadily improved, the number of home sales has risen quickly. The area saw 47,000 sales last year, according to The Washington Post, and could be on an even better trajectory this year. In keeping with this high buying activity, the current stock is dwindling - it is at its lowest level since 2005, according to Delta Associates.
Combined with the improving local economy and the current popularity of the city, the District's housing market future appears strong, according to many experts. If you are looking for your dream home in Washington, DC, now could be a great time to find it.