What's Hot: 300 MPH, 18 Million Riders: How the Maglev Might Impact Traffic and Transit in the DC Area
Pending Home Sales at Highest Level Since August 2013

A DC home that went under contract in January.
Pending home sales in January reached their highest level since August 2013, according to the National Association of Realtors (NAR). High buyer demand brought the number of pending sales up to an 18-month high, said Lawrence Yun, the NAR’s chief economist.
“Contract activity is convincingly up compared to a year ago despite comparable inventory levels,” he said in a news release. “The difference this year is the positive factors supporting stronger sales, such as slightly improving credit conditions, more jobs and slower price growth.”
Low inventory, which is affecting the DC area, is an issue in many of the nation’s markets, according to the NAR. But pending home sales are still up in every major region except for the midwest. Pending sales rose the most in the south, where they are up 9.7 percent over last January.
The association predicts that home sales in 2015 will be around 5.26 million, up 6.4 percent from last year. It also expects home prices to rise about 5 percent. Last year home sales declined 2.9 percent as prices rose 5.7 percent.
See other articles related to: pending home sales, national association of realtors
This article originally published at http://dc.urbanturf.com/articles/blog/pending_home_sales_at_highest_level_since_august_2013/9583
Most Popular... This Week • Last 30 Days • Ever

When Johnsie Walsh rented a unit in her Stanton Park apartment building, she had no i... read »

UrbanTurf has compiled virtual tours from large new developments around the DC region... read »

The massive new development would sit on a triangular parking lot at First Street and... read »

The draft environmental impact statement for the transportation project expected to g... read »

The project has added 10 units since its last milestone approval in 2019.... read »
- Obama, The Tenant: A Chat With The President's DC Landlord
- A Virtual Tour of More Than 30 DC-Area Developments
- Douglas Development Pitches 557-Unit Development Across From Dave Thomas Circle
- 300 MPH, 18 Million Riders: How the Maglev Might Impact Traffic and Transit in the DC Area
- From 60 to 72 Condos: Georgetown West Heating Plant Development Grows in Size
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro