Posted by Jonathan J. Miller -Friday, July 15, 2011, 4:59 PM
It’s time to share my Three Cents Worth on Curbed DC, at the intersection of neighborhood and real estate in our Nation’s capitol.
…With the expiration of the debt ceiling looming, I thought I’d take a look at the current health of the Washington, DC metro housing market by examining its monthly absorption rate. In this chart, I defined absorption as the number of months to sell all active listings at the current pace of new contract signings. I like this metric because it looks at the net difference between supply and demand…
Three Cents Worth: Length Of Time On The Market Is Right About Average