The numbers and statistics below are courtesy of the Greater Capital Area Association of Realtors. Interesting trends for the District of Columbia:
Condos and Coops
Average Sales Price Year-to-Date: $412,367
**Thus far, highest since 2005.
Inventory: Total at 1,229 listings
**2nd lowest since September 2008
Single Family Homes
Average Sales Price Year-to-Date: $557,725
**Lowest, by about $60k since 2005 (prices peaked in 2007)
Inventory: Total of 1,464 Listings
*2nd lowest in the last calendar year (August 2009 was the lowest)
Obviously the D.C. market is more complex than this overall picture paints. The 4 quadrants - SW, SE, NE, and NW - all have mini markets within themselves. But the bigger story is the LOW level of inventory throughout the District. While some areas have a HUGE supply, others have nothing. There's also been recent additions of brand new construction in the District.
Please ask for more specific numbers.
Search Washington, D.C. Condos and Coops for Sale
Search Washington, D.C. Rowhouses for Sale
Search Washington, D.C. Homes For Sale
Search Washington, D.C Foreclosures For Sale
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