Sales Dip Slightly; Still High
Byline: Chris Sicks, SPECIAL TO THE WASHINGTON TIMES
Last month, the 2005 real estate market really got revved up. In a typical year, March, April and May are
the busiest three months for the Washington-region real estate market. So it was no surprise that more than 11,000 homes were sold last month and that sales chances hit 103 percent.
Sales chances are my way of measuring the level of competition in the real estate market. Dividing sales figures for the month by the inventory on the last day of the month results in a percentage. A figure below 20 percent indicates a buyer's market. Higher figures mean we're in a seller's market.
It may seem …
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Publication information: Article title: Sales Dip Slightly; Still High. Contributors: Not available. Newspaper title: The Washington Times (Washington, DC). Publication date: April 29, 2005. Page number: F22. © 2009 The Washington Times LLC. COPYRIGHT 2005 Gale Group.
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