Despite total home sold dollar volume down 29.82% from a year ago,people are still buying homes in Washington DC. 506 houses for sale in Washington DC were sold compared to 550 last month. Out of the total 506 of the houses for sale in Washington DC that sold in July 2008,221 of them were on the market from 1-30 days. That shows that if you price your home right based on recent solds and market activity,you have a very good chance of finding a buyer who is going to buy your house.
There are also 3363 houses for sale in Washington DC. This amount of inventory creates a lot of buying opportunity for buyers who are talking about buying a house or have already started the home buying process.
Washington D.C.
From: 07/01/2008 to 07/31/2008 Statistics generated on: 08/15/2008
| |
Residential
Unit Sales
Number of Bedrooms
|
Active Listings
|
|
Time on Market
|
|
Price Class
|
2
Or Less
|
3
|
4
or More
|
Condo
Coop and
Ground Rent
|
Residential
|
Condo
Coop and
Ground Rent
|
of Units Sold
(No. of Units)
|
|
Under $30,000
|
0
|
0
|
0
|
0
|
2
|
3
|
1 -30 Days
|
221
|
|
$30,000-$39,000
|
0
|
0
|
0
|
4
|
1
|
6
|
31-60 Days
|
88
|
|
$40,000-$49,999
|
0
|
0
|
0
|
0
|
2
|
5
|
61 - 90 Days
|
72
|
|
$50,000-$59,999
|
0
|
0
|
0
|
1
|
0
|
3
|
91-120 Days
|
37
|
|
$60,000-$69,999
|
0
|
0
|
0
|
0
|
0
|
4
|
Over 120 Days
|
88
|
|
$70,000-$79,999
|
0
|
0
|
0
|
0
|
2
|
2
|
Total
|
506
|
|
$80,000-$89,999
|
0
|
0
|
0
|
1
|
4
|
3
|
|
|
|
$90,000-$99,999
|
0
|
0
|
0
|
0
|
6
|
3
|
Type of Financing
of Units Sold
(No. of Units)
|
|
$100,000-$119,999
|
0
|
0
|
0
|
1
|
8
|
17
|
|
$120,000-$139,999
|
0
|
1
|
0
|
0
|
16
|
28
|
Conventional
|
316
|
|
$140,000-$159,999
|
0
|
3
|
0
|
1
|
26
|
52
|
FHA
|
84
|
|
$160,000-$179,999
|
1
|
0
|
0
|
2
|
29
|
80
|
VA
|
1
|
|
$180,000-$199,999
|
1
|
1
|
1
|
5
|
64
|
92
|
Assumption
|
41
|
|
$200,000-$249,999
|
7
|
11
|
1
|
33
|
142
|
195
|
Cash
|
52
|
|
$250,000-$299,999
|
3
|
20
|
3
|
30
|
228
|
180
|
Owner Finance
|
0
|
|
$300,000-$399,999
|
10
|
26
|
14
|
57
|
424
|
301
|
All Other
|
12
|
|
$400,000-$499,999
|
4
|
12
|
4
|
52
|
244
|
225
|
Unreported
|
0
|
|
Over $500,000
|
19
|
54
|
71
|
52
|
593
|
373
|
Total
|
506 |
|
Totals
|
45
|
128
|
94
|
239
|
1791
|
1572
|
|
|
|
Grand Totals
|
506 |
3363 |
2008 2007 % Change
| Total Sold Dollar Volume: |
$ 293,540,305 |
$ 418,243,222 |
- 29.82 % |
| Average Sold Price: |
$ 580,119 |
$ 565,194 |
2.64 % |
| Median Sold Price: |
$ 422,180 |
$ 431,000 |
- 2.05 % |
| Total Units Sold: |
506 |
740 |
- 31.62 % |
| Average Days on Market: |
74 |
60 |
23.33 % |
| Average List Price for Solds: |
$ 624,805 |
$ 586,386 |
6.55 % |
| Avg Sale Price as a percentage of Avg List Price: |
92.85 % |
96.39 % |
|
| Total Number of NEW listings |
| taken for the month: |
986 |
Total Number of Properties
|
| marked Contract for the month: |
395 |
| Total Number of Properties |
| marked Contingent for the month: |
169 |
Total Number of NEW pendings
|
| (CONTRACTS + CONTINGENTS): |
564 |
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
To receive your free list of "Houses for sale in Washington DC",please give register on one of my websites Houses for sale in Washington,DC.I can be reached at (202) 378-0283 (Direct) or (301) 560-6700 x1154 (Office). And I can also be reached online on my other websites Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... and Washington DC,Maryland and Virginia Houses for Sale and Thank you very much. Looking forward to working with you and helping you make your home purchase or sale a stress free and very happy one. Have a great day. Lanre Folayan - Real Estate Professional with Exit Premier Realty. "Buy a home in Washington DC"
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You're becoming quite the master of Market Studies, Lanre. Great way to set yourself apart from other real estate agents in the city.