Source: MRIS; [Click on image for larger version].Active listings for housing units have increased dramatically in the Washington, DC metro area in the past year. The chart on the right shows the active listings percentage increase year over year (YoY) for March 2006 in the larger various jurisdictions that comprise the DC Metro area. In Prince William County, VA, an exurban area, the inventory has increased almost 500%. T he speculators are trying to sell, and buyers are balking at the high prices.
The April numbers are expected to show an even higher YoY percentage increase. Stay Tuned.
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