Real Estate Round-Up

Click here for the MRIS Trends in Housing Report for the first quarter of 2009.

The Report indicates that now is the best time in a generation to be a first-time home buyer. Let's take a look at contracts in our covered jurisdictions. Buyers are returning to the market: prices are attractive and homes are selling faster than one year ago. Average fixed rates on conforming mortgages are below 5%.

District of Columbia

The District currently has 634 homes under contract.

Arlington

There are 160 homes under contract in Arlington. The highest list price is $2.8 million.

Alexandria

In Alexandria, there are 163 homes under contract. The highest list price is $2.4 million.

Bethesda/Chevy Chase

Bethesda/Chevy Chase has a whopping 147 homes under contract with the highest list price at $2.9 million.


Bethesda/Chevy Chase