D.C. Condos Show Healthiest Rebound
(Washington Business Journal) — Prices and closings for condominiums and cooperatives in the District are up, and inventories are down, showing the strongest market trends among housing in D.C. and Montgomery County. The Greater Capital Area Association of Realtors, says the median condo price in D.C. in May was $365,000, up 2.47 percent from a year ago. The number of condo settlements was up 49.8 percent, while the number of condos listed for sale was down 5.3 percent.
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