D.C. Area Housing Market Looking Up

DC

According to the Washington Post, home sales in the Washington, D.C., area picked up for the first time in year last month, suggesting that homebuyers may finally be starting to feel more confident in the status of the housing market.

The number of December 2014 home sales was also up 8 percent from December 2013, jumping from 3,644 to 3,937.

“The increase in sales could be attributed to the rise in inventory,” Post blogger Kathy Orton said. “Discouraged by the lack of selection, many would-be home buyers have been sitting on the sidelines. Now as more and more homes are being listed, sales have been rising.”

Image via flickr/Tony Brooks

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