[RP TownTalk] Pete Buildings

[ABragg7393 at aol.com]

In a message dated 2/11/2007 8:06:49 AM Eastern Standard Time, 
bruce.wernek at mindspring.com writes:

> The last point I would like to make is this.  The president of the RBA 
> passed out a report on the condo sales situation in the DC metro area at the last 
> meeting.  She obtained this report (MriS Trends in Housing, Year-End 2006, 
> Delta Associates) off of the MLS listings, which means only realtors have 
> access.  It states and I quote, “With a current inventory of almost 24,000 units 
> (condos in Washington Metro area), it will take about four to six years to 
> sell these units at current rates of sales velocity”.  The article further 
> states, “Only 663 new units were sold in the Washington metro area during the 
> forth quarter (of 2006)”.  Please read these last two sentences three times to 
> make sure they sink in.  They were written by realtors for realtors.
> 
> 

The article also stated that Prince Georges County was the exception to the 
slowing sales in the area.  Prince Georges County had a 50% increase  in condo 
sales from last year.

Just wanted to set the record staight. 
Audrey
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