Washington Market cooling off

Heather said: "I was checking out the news and was reading that the [URL=http://news.yahoo.com/s/washpost/20050725/ts_washpost/d_c__area_housing_market_cools_off]Washington[/URL] housing market is starting to cool down. 16 days to sell a house there doesn't seem like a really long time to me, but it is up from 14 days a year earlier. Higher end real estate is taking a bigger hit than median range real estate."

Vesuve said: "Yes, The amount of time a house is listed before it's sold is a good indicator of things either [i]possibly[/i] warming up or cooling down. There are several factors. Those with access to MLS listings (i.e., agents) even have info. on the number of homes that were put up for sale, but then taken off of the market becuase they couldn't sold. This can be a good indicator as well. The DC/VA/MD market, as well as California, and So. Florida has been red-hot. So there should be some flattening or dips in the future. When? This, is what we don't know - including the "experts.""

HappyHarry said: "Even the "cooled down" market is still blistering. But interest rates keep going up."