Dupont - Adams Morgan DC August 2012 Real Estate Market Report

 

More DC neighborhood market reports

How to calculate DC real estate values

 

 

 

The Dupont-Adams Morgan 20009 neighborhoods saw year-over-year increases in total sales volume of 14.51% with a 24.24% spike in closed sales. Average list to Sold Ratio rose 1.82% from the same time in 2011.

 

Average Days On Market in the Dupont-Adams Morgan neighborhoods  increased from August 2011 by 19.44% and Average Sold Price dropped 7.83% from August 2011. Median Sold Price also declined from the same time last year by 14.06%.

 

Month-over-month numbers were largely negative, with Total Sold Volume dropping 6.16% from July 2012, Median Sold Price declined 7.17%, Average Sold Price dropped 10.74% and Average DOM showed no change.  On the plus side, closed sales were up 5.13% over July.

 

Low inventory continues to be a factor in the NW DC market.

 

Dupont - Adams Morgan DC August 2012 Condos and Co-Ops Market Report

 

In the Dupont-Adams Morgan 20009 neighborhoods, the median sold price for Condo & Co-op properties for August was $435,000, representing a decrease of 0.2% compared to last month and a decrease of 7.2% from Aug 2011. The average days on market for units sold in August was 50 days, 8% above the 5-year August average of 46 days. There was a 28.4% month over month decrease in new contract activity with 58 New Pendings; a 16.7%

MoM decrease in All Pendings (new contracts + contracts carried over from July) to 85; and a 14.8% decrease in supply to 127 active units.

This activity resulted in a Contract Ratio of 0.67 pendings per active listing, down from 0.68 in July and an increase from 0.40 in August 2011. The Contract Ratio is 26% higher than the 5-year August

average of 0.53.

 

*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.

 

Dupont - Adams Morgan 20009 August 2012 Market Report - Townhomes

 

 

In the Dupont-Adams Morgan 20009 neighborhoods, the median sold price for Attached/Townhouse properties for August was $787,500, representing a decrease of 18.4% compared to last month and a decrease of 21.3% from Aug 2011.

 

The average days on market for units sold in August was 17 days, 66% below the 5-year August average of 50 days. There was a 23.1% month over month decrease in new contract activity with 10 New Pendings; an 11.8% MoM decrease in All Pendings (new  contracts + contracts carried over from July) to 15; and a 26.7% decrease in supply to 11 active units.

 

This activity resulted in a Contract Ratio of 1.36 pendings per active listing, up from 1.13 in July and an increase from 0.79 in August 2011. The Contract Ratio is 129% higher than the 5-year August 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 all DC Metro August 2012 Market Reports