Housing Trends for the DC Metro Area, June, 2013
During June, 2013, there were 5,237 settlements of homes sold in the DC Metro Area. This represents a 12.3% increase from the same month last year. The median sales price was $440,000, up 10%. There were 5,434 pending sales, up 6.8%. Active listings totaled 8,281, down 20.2%. The good news was that new listings were up 10.6% to a total of 6,180 homes. 9 days was the median time on the market (DOM).
These statistics are from MRIS, the regional multiple listing service , and were compiled by RBI, RealEstate Business Intelligence for the use of real estate professionals and their clients.
“Region ties record high for median price, and townhomes set new record. DC median price surges. At $440,000, the median sale price in the Washington DC Metro Area is 10.0 percent higher than this time last year, a gain of $40,000. The median sale price is now tied with the highest median sale price on record for the region, which was set in June 2007. Townhomes led all property segments in price growth, up 12.3 percent from June 2012, a gain of over $45,000. The low inventory of homes for sale, coupled with consistently strong demand, is playing a major role in the record price levels. The median sale price for townhomes is now $415,000, the highest on record for the region. The median price for single-family detached homes in the region increased 10.9 percent, a gain of $55,000. The median sale price for condos rose 8.9 percent, a gain of $25,000 from last year.” – RBI, RealEstate Business Intelligence
Daylilies, Kentlands IMG_6742
Photograph by Roy Kelley using a Canon PowerShot G11 camera.
Roy and Dolores Kelley Photographs
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