Recent pending sales data suggests home buying activity in Washington, D.C. should be up on a year-over-year basis during early 2016. While activity and pricing vary by for-sale segment, DC should also continue to favor sellers this year.
- Median days on the market drops to seven or eight days in a number of D.C. neighborhoods.
- Condo/co-op sectors leads the way in terms of sales activity.
- Median prices for townhomes and detached homes continue to increase by double digits year-over-year.