Choose an edition: Chicago | Wash DC

WSJ: April Drop in Listings for Homes

by Mark Wellborn

The Wall Street Journal is reporting that the inventory of homes on the market in a number of U.S. cities fell in April. In 29 metropolitan areas (including DC), the “for sale” housing inventory dropped 3.6 percent since March, according to the paper.

image

In DC, the number of homes for sale dropped two percent in the last month. While the decline in inventory can be seen as a sign that the market is close to bottoming out, the possibility that many foreclosed properties will hit the market in the coming months is dampening expectations.

From the WSJ:

“Tom Lawler, a housing economist based in Leesburg, Va., says the decline in listings ‘suggests that the bottom in home prices is much closer than many pundits believe.’ He also notes that housing construction has plunged. But he cautions that it’s unclear how many foreclosed homes will go on the market in the months ahead.”

This article originally published at http://dc.urbanturf.com/articles/blog/wsj_april_drop_in_listings_for_homes/902

0 Comments — Be the First!

Join the discussion



* required fields

Jen Angotti

DC Real Estate

202.285.4238

Serving:

Columbia Heights

Logan Circle

U Street Corridor

UrbanTurf Archive

Following are past UrbanTurf stories, organized by topic for your convenience.

Neighborhood Profiles more »

Kalorama: A Posh View From Embassy Row

Kalorama: A Posh View From Embassy Row

Shilpi Paul
May 11th | 4 Comments

The small neighborhood of Kalorama emerged during a period of rapid development in DC's history,... read »

Editor's Choice more »

DC Area Home Prices Rise 11.2 Percent

DC Area Home Prices Rise 11.2 Percent

Shilpi Paul
May 10th | 7 Comments

DC area home prices rose 11.2 percent in April, the largest increase for prices in almost six... read »

New Condo Profiles more »

New Boutique Condo Project Hits the Market in Columbia Heights

New Boutique Condo Project Hits the Market in Columbia Heights

UrbanTurf Staff
April 24th | 1 Comment

A new 5-unit condo project hit the market in Columbia Heights today from the same developer that... read »

The DC Condo Market more »

Abdo Returns to Logan With 30-Unit Project

Abdo Returns to Logan With 30-Unit Project

UrbanTurf Staff
May 2nd | 8 Comments

Developer Jim Abdo made his name in Logan Circle, and is now returning to the neighborhood with a... read »

Green Real Estate more »

Should DC Follow LA in Teaching Residents How to Green Their Homes?

Should DC Follow LA in Teaching Residents How to Green Their Homes?

Shilpi Paul
May 7th | 2 Comments

While LEED certification is quickly becoming standard for new buildings in DC, residents in the... read »

Deal of the Week more »

Deal of the Week: Georgetown on the Cheap

Deal of the Week: Georgetown on the Cheap

UrbanTurf Staff
May 8th | 1 Comment

Georgetown is known for a lot of things, but reasonably priced homes for the mere mortal is not one... read »

Renting more »

Lovely: Making Apartment Hunting Less Painful

Lovely: Making Apartment Hunting Less Painful

Shilpi Paul
3:45 PM EDT | 3 Comments

Tired of scrolling through the minimalist, black and white Craigslist interface when searching for... read »

Market Watch more »

Market Watch: Logan Circle, Columbia Heights, Dupont Circle

Market Watch: Logan Circle, Columbia Heights, Dupont Circle

Keith Gibbons
November 28th | 5 Comments

Housing Market Watch returns this week after a little hiatus as Keith Gibbons takes a closer look... read »

Unique Spaces more »

This Week’s Find: From Pie to Hooch to Heroin to Home

This Week’s Find: From Pie to Hooch to Heroin to Home

Shilpi Paul
March 28th | 7 Comments

Built in 1860, This Week's Find has a past that includes life as a pie factory and clearing house... read »

This Week's Find more »

This Week’s Find: A 33-Foot Wide Living Room in Kalorama

A 33-Foot Wide Living Room in Kalorama

Shilpi Paul
May 17th | 2 Comments

In This Week's Find, we take a look at a home whose layout reaches into the house next door. ... read »

UrbanTurf Reader Asks more »

UrbanTurf Reader Asks: Do I Deserve Financial Compensation?

Do I Deserve Financial Compensation?

UrbanTurf Staff
May 7th | 11 Comments

In this installment of UrbanTurf Reader Asks, a reader who recently moved into a rental building in... read »

What X Buys You more »

What $330,000 Buys You in DC

What $330,000 Buys You in DC

Shilpi Paul
May 16th | 6 Comments

In What X Buys You this week, UrbanTurf takes a look at properties on the market in the $325,000 to... read »

Best New Listings more »

Best New Listings: A Tudor, A Co-op and Chocolate Mint in the Garden

Best New Listings: A Tudor, A Co-op and Chocolate Mint in the Garden (Week of May 18th)

Shilpi Paul
May 18th | 0 Comments

In this week's edition of Best New Listings, we look at a Tudor tucked away off 16th Street, a... read »

Luxury Real Estate more »

The Priciest and Largest Plot of Land in DC Hits the Market

The Priciest and Largest Plot of Land in DC Hits the Market

UrbanTurf Staff
May 18th | 2 Comments

UrbanTurf has learned that a 1.25 acre plot of land has hit the market in Cleveland Park, making it... read »

Choose an edition: Chicago | Wash DC