Best Places For Real Estate Deals
March 8th 2010 08:30
Washington, D.C.
Median home sales price: $445,300
Price change from 2006: 0.3%
Expected home turnover in 2008: 4.05%
Turnover rate: 21
Prices in the nation's capital continue to correct, and a higher than average foreclosure rate is expected to hurt the market next year. Significant development, especially in condos around the beltway, has left the city with more inventory than it can handle--and this should likely keep prices flat or in decline over the next year. This means sellers looking to unload their properties will need to make significant concessions.
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