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It Is All About Inventory As 2012 Selling Season Gears Up

Click to expand. Chart from RBI

We're back with the Pending Sales Index for contracts in December, and the two biggest takeaways are that foreclosure sales are down significantly and the DMV ended the year with the lowest amount of active listings since August 2005. Specifically, there are only 10,684 active listings on the books and only about 6% of them are under foreclosure (which is half of what it was a year ago). Click over for a detailed report and check back later today when we hit you with our very first heat map of all the closed sales for December, broken down zip code by zip code.

· DC Metro Closes 2011 with Lowest Inventory Level since August 2005 [RBI]