This market update video looks at statistics for the Maryland-DC Suburbs including; Montgomery County, Prince George’s County and Washington, DC. This area continues to out perform the national average. Compared to May 2009, housing sales were up 6%. Inventory was down 25% from this time last year leaving only a 4.7 months inventory. This means that the DC market area actually had a minor housing shortage. There was a 7.5% decline in the median price. For more information, please view the video below:
Video courtesy of RBI
