Summary
This year, the Washington-area real estate market has exceeded expectations, again. For the seventh consecutive year, this region has broken records and statistical boundaries. So, once again, many are asking: What will happen next year? Could the strongest seller's market on record continue? Will home prices finally calm down? Might it be possible to buy a home without fending off five other buyers?
Or will all of the things that have made 2004 such a difficult market for buyers - and a profitable one for sellers - remain true in 2005?See the full content of this document
Extract
Seller's Market Seen Carrying Into 2005
"Absolutely," says Ruth Dickie, manager of Long & Foster's Bethesda Gateway office. "Right now, we are seeing the same thing we were at the end of 2003 - a shortage of listings. There just aren't enough homes on the market to satisfy demand."
Listings, the homes listed for sale with area Realtors, have been declining since 1997. Back then, 33...See the full content of this document
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