WASHINGTON, DC-GVA Advantis will soon be releasing its Q2 report on DC area activity. Total sales volume in Q2 registered $1.6 billion, the report will say. That number is significant because it represents an increase from Q1′s dismal results of $936.1 million.

Report author Tonya Ginter tells GlobeSt.com that it is not clear whether this uptick is a fluke or the start of a turnaround for the District. “We saw a lot of higher-end, trophy buildings trade during Q2 which accounts for the volume,” she says. It could be that this increase is a reflection of investors only buying top tier buildings. Still, though, Ginter points out that prices have held steady in the District, Maryland and Virginia, which suggests strong underlying fundamentals for the area.

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