“Developers eager to capitalize on the local condo frenzy of the past several years are planning some 47,000 units in dozens of projects that will hit the market in the Washington area in the next three years, according to a new report — about five times as many units as were sold last year,” reports today’s Washington Post.

“Demand is up, even compared with a year ago, when eager buyers routinely waited in early-morning lines for a shot at a contract, according to the report from Delta Associates, an Alexandria real estate research firm that tracks the condo construction market here. But supply is up even more sharply, as developers bet that the momentum will continue.”