Here are some statistics as complied by our Multiple Listing Service for the month of August.  

These numbers are comparing against August 2009 vs August 2008:

 

 

Total dollar amount of sold homes: $280,734,055 Up .59% 

The Average SOLD Price: $466,336 Down  16.29%

Total Homes Sold: 602 Up  20.16%

Averages Days on Market: 85 Up 6.25%

Ave % Sales Price V List Price: 92.49% Up  .16%

 

 

 

There were 3142 properties for sale in Washington DC; which gives us about a 5 month inventory of homes.

 

However; September typically seems many more properties hit the market as new listings.  Of course there are many more home buyers out in the fall than the hot DC summer.   I would predict September numbers looking pretty dismal; but October should look great.

 

 

     

Contact James Downing of the Downing Real Estate Group, if you are selling, buying or have questions!

Office: 202-362-5800   Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW  Suite 100 * Washington DC 20016

 
This post has been included in District of Columbia Information

1 Comments on The DC Real Estate Market

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308,085 Points Outside Blog

Thanks for sharing information on the Washington DC market conditions. Best wishes for continued success.
8:25am • #1

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James Downing - REALTOR®,GRI, ABR - DC Real Estate

Washington, DC

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Coldwell Banker Residential Brokerage

Address: 5028 Wisconsin Ave NW, Suite 100, Washington, DC, 20016

Office Phone: (202) 362-5800

Cell Phone: (703) 244-3971

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