Is Washington DC real estate poised for a rebound?

Demand for homes in the Washington DC metro is now outpacing supply, The Washington Post’s Elizabeth Razzi reported today. The inventory of unsold homes in June dropped to a healthy 5.1 months supply, according to a report from the local multiple listing service and Delta Associates. This is the amount of time need to sell the homes on the market at the current sales pace. Experts say a market in balance has about 6 months supply. Anything below that is considered a buyer’s market.

I am sure we are past the bottom of this market. Investors are popping up again, and real estate is starting to move again. There is the potential to make a million bucks on wise investments.