Housing Inventory Down, Prices up in D.C. Area

May 17, 2010  |  

(Washington Post) — The glut of homes for sale in the Washington area has shrunk dramatically since the housing market’s darkest days in 2008, and supply is now close to healthy in some spots.  The number of area homes for sale last month was down 25 percent from April 2008, when supply was swelling to record highs after the credit market dried up and buyers retrenched, according to the most recent data from the local Multiple Listing Service.

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