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Home prices have been making steady annual gains in the Washington area, and it looks like that trend will continue.
Tags: real estate market
New data out from the George Mason University Center for Regional Analysis and RealEstate Business Intelligence show February home prices and home sales high. In fact, sales this year were at their highest February level since 2007.
Fewer and fewer homes are going up for sale, and that low inventory is determining prices.
The local housing market is gaining steam but some new numbers show a more complicated scenario.
As home sales and prices gain strength inside the Beltway, new data shows the good news is spreading.
In the fourth quarter, foreclosure sales made up about 12 percent of all Maryland home sales. Foreclosure sales made up nearly 19 percent of all sales in Virginia.
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