WASHINGTON — Despite high prices, and despite low inventory, the Washington region is one of the nation’s most active housing markets right now, according to data compiled by Attom Data Solutions.
Its Pre-Mover Housing Index, which is based in part on mortgage applications to the total number of homes in a given market, ranks the Washington metro the third-most active housing market in the nation in the second quarter.
Colorado Springs, Colorado, and Chicago topped Washington.
Attom Data Solutions says the top five markets all posted a pre-mover index that was twice the national average in the second quarter.
San Francisco, where the median price of a home now tops $1 million, registered as the least-active housing market, based on Attom Data’s calculations.
In Washington, much of that activity is in D.C.’s surrounding suburbs.
“In some of the nation’s hottest housing markets, there was more pre-mover interest in outlying counties further away from jobs but with more affordable homes to purchase,” said Attom Data Solutions Senior Vice President Daren Blomquist.
In fact, when Attom Data Solutions applied its calculations to the nation’s counties, Loudoun County and Prince William County in Virginia led the list of pre-mover activity.
© 2017 WTOP. All Rights Reserved.