Condo And Co-op July 2012 Shaw/Howard DC real estate market snapshot

Condo And Co-op July 2012 Shaw/Howard DC real estate market snapshot

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Condo And Co-op July 2012 Shaw/Howard DC real estate market snapshot

During July 2012 in Shaw/Howard DC zip code 20001, the median sold price for Condo & Coop properties was $392,500. That number represents a decrease of 13.2% from June 2012 and a decrease of 6.4% from Jul 2011.

Days On Market in Shaw/Howard DC 20001 zip July 2012

Average Days On Market (DOM) for condo and co-op units sold in 20001 during July was 41 days, which is 41% below the 5-year July average of 70 days.

Here's a look at the activity for the entire zip code, for all products:

July 2012 Market Activity Summary for Shaw/Howard DC

July 2012 Shaw/Howard DC Market Activity

July 2012 Shaw/Howard DC Median vs Average Sold Price

Condo and Co-Op Contracts in Shaw/Howard July 2012

New condo and co-op contracts dropped 9.1% month over month in the Shaw/Howard 20001 DC zip code with 30 New Pending Sales. Shaw/Howard experienced a 5% month over month increase in All Pending Sales (new contracts + contracts carried over from June) to 63 and a 21.7% decrease in supply to 47 active units.

This activity resulted in a Contract Ratio of 1.34 pendings per active condo and co-op listing in the Shaw/Howard 20001 area, up from 1.00 in June and an increase from 0.67 in July 2011, according to the RBI (RealEstate Business Intelligence) Market Report on Friday.

The Contract Ratio is 126% higher than the 5-year July average of 0.59. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

See market data reports for all DC neighborhoods 

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Posted by Susan Isaacs on 08/10/2012 09:53 PM   Comments (0)   in the Regional Channel   condo and coop july 2012 shawhoward dc real estate market snapshot  
Originally posted at: coolDCre: Shaw DC Condo And Co-op market July 2012
Short URL: http://actvra.in/Gcw
This post has been included in District of Columbia Real Estate News

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Susan Isaacs

The Isaacs Team

Washington, DC

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Coldwell Banker Residential Brokerage

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