Below shows the number of condos currently for sale in a few of the Washington DC neighborhoods.
As you can clearly see; the popular Adams Morgan Neighborhood, has a surprisingly high number of 2 bedroom condos currently on the market. A great many of these are new construction units which developers planned and started to build; long-before the Real Estate slow down. A year ago there were 74 2 bedroom condos for sale in Adams Morgan; now that number has grown to 103. A sign that supply has most certainly exceeded demand.
** Data as of January 22nd, 2008
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