[This is an excerpt from July Market Trends report] As I write the July 2009 edition of RESIDENTIAL MARKET TRENDS, the housing market is still turning the corner with one of the strongest sales months in recent memory with over 1,200 more sales in June than May. The recovery is led by housing activity in the affluent core counties of Washington and Baltimore MSAs. In fact, in most of the closer-in markets of Washington, the resale market is at a point of being undersupplied, which bodes well for home builders since home buyers will be prompted to also consider new homes. Even in the less affluent markets, home builders have mentioned that sales are strong.
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