The numbers are in and they point to good news. Curbed's numbers guru, Jonathan Miller of Miller Samuel, attacked the latest data and all this talk of a double dip in the housing market might be off the mark when it comes to the DC area. Contracts signed in March were up 34.3% from last month and are at higher totals than any other March since 2006, which suggests we are a few steps closer to normal market activity. No, we're not there yet, but we're closer. Sellers should be happy too because average sales prices are higher (suggesting that maybe we did hit the bottom of the market and things are turning around). In fact, the only thing that is down (by being up) is the number of days on the market. So, Washington, things are better than all the gloomy reports coming at us over the airwaves.
· Most Active March In Five Years [RBI]