The word on the street and in many Real Estate offices is - Business is better than it was last year.

Well here it is; by the numbers:

This September 2009 in Washington DC as compared to last Septermber:

The total real estate in dollars was up 18.56%  Wow that is an improvment!

The average sold price was down 12.15%   

Number of properties sold was up 34.96%  with an average listing period of 94 days - up 14.63% from last year.

So it shows that MORE homes are selling; but for an average list price lower than last year.  Now what this DOES NOT mean is that home prices have dropped 12%.  What it means is that more homes in the lower price points are selling vs those in the higher brackets.

There are also just over 3200 Active Listings in Washington DC; which is about a 5.5 month supply of homes.  Hopefully October will continue this trend of increased sales and lower inventory.

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