New Foreclosed Listings at Lowest Level since March 2008
Rockville, MD –(March 12, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the February 2012 RBI Pending Home Sales Index™ released today.
View PDF version of this analysis
OVERVIEW
The 2,507 homes sold in the Washington, D.C. Metro Area represent the highest February total since 2007. Inventory levels continue to decline with the 9,823 active listings to end the month representing the lowest supply of homes since August 2005. With 368 active foreclosures representing only 3.7% of the active market (the lowest level since July 2008) and the fewest new foreclosures entering the market since March 2008, pricing continues to stabilize with median sales price up 6.0% over February 2011 levels.