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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (37467)	8/10/2005 12:40:14 PM
From: Tradelite	Respond to of 306849

Update on the "imploding" Wash DC real estate market.... Just checked on listings again in my zip code. Number of listings priced $500K to $1 million has dropped to 45 (from 50 late last week and 47 on Monday). Six of the 45 listed homes have contracts. Not surprising that inventory isn't growing in August, because no one in their right mind should put a home on the market in August here. A little surprising that so many people are buying at this time of year. August is the month when many Washingtonians flee the heat and go on vacation, and school starts in just a few weeks--not a good time to think about moving for most families.