Considering the importance supply and demand have played in the DC Metro market's recovery, our pals over at UrbanTurf asked us for our predictions on inventory levels through the rest of this year.  You can read the UrbanTurf post here, but in a nutshell: The trends over the last 4-5 months of double-digit year-over-year gains in new listings appear to be slowing down the inventory free-fall and has lead us to predict the area might finally see an easing of the inventory pinch later this year. 

Here's the chart we provided UrbanTurf to complement our analysis:

Townhome median price sets new record; Double-digit growth for new listings for the third straight month

OVERVIEW

Several key market indicators continue to trend upward in the Washington DC Metro Area.  Sales and new contracts had double-digit growth in June and are now at multi-year highs.  The inventory shortage also continues to shift for the region.  While the number of active listings remains historically low, new listings are surging, rising at a double-digit rate relative to last year for the third consecutive month.  Many of these new listings are likely being purchased the same month they are listed, as the median days-on-market remains at its housing-boom level of nine days.  This strong demand is pushing up the median sale price.  The Washington DC Metro Area tied the record high for median sales price in June. 

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