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Summer Housing Stats Take A Breather

It is that time of year when the real estate activity is supposed to slow down and the numbers say that is exactly what is happening. Median price is down a bit and there was a smaller growth in sales (but things are still growing, so that's okay). The two biggest takeaways from this month's report are starting to feel like a broken record: low inventory is still a big factor and condos are the strongest part of the market. Specifically, condos had the highest year-over-year increases for sales, median price, and new contracts.

· Continued Tightening in DC Metro Inventory, Highest July Prices in Five Years [RBI]