Market activity continued to increase in SW Washington last month. The RMLS reported that closed sales increased 6.1% over January 2011 and pending sales increased 25.1%. Average time on the market dropped dramatically, from an average of 173 days to 128 days. Inventory also dropped compared with last January, down to 8.8 months.
Although prices continued to fall over 2011 levels, the increase in activity should help prices stabilize this year and possibly start to increase by the end of the year.
Thinking of buying or selling this year? Request a free market report specific to your neighborhood!
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