Petworth Washington DC is a residential neighborhood in the Northwest of Washington DC,bounded by Georgia Avenue to the West,North Capitol Street to the East,Rock creek Church to the South and Kennedy Street NW to the north. The neighborhood is primarily residential with a mix of townhouses and single-family homes.

Last month,total sold dollar volume of houses for sale that sold in Petworth Washington DC was $10,774,799 compared to $18,286,469 this time last year a 41.08 drop.

Average sold price of a sold Petworth Washington DC house was $336,712 compared to $425,267 last year a 25.58% drop.

Average days on a "Petworth Washington DC house" was on the market was 139 days compared to 69 days last year. Out of the 32 houses that were sold last month in Petworth Washington DC:

• 9 of those houses that sold were on the market within 1-30 days.
• 1 house that sold was on the market within 31-60 days.
• 5 of those houses that sold were on the market within 61-90 days.
• 3 of those houses that sold were on the market within 91-120 days.
• 14 of those houses that sold were on the market for over 120 days.

                                            Types of Financing used:

• 15 of them used Conventional loans to buy their house.
• 10 of them used FHA loans to buy their house.
• 3 of them used VA loans to buy their house.
• 2 of them used cash to buy their house.
• And 2 of them used all other kinds of financing.

Highest priced home that was sold in Petworth Washington DC was a 4 bedroom house in the price range of $600,000-$699,999.

According to this Petworth Washington DC Market Report,FHA loan is going to start becoming more a popular product for home buyers now that downpayment assistance programs such as Ameridream,Nehemiah,Genesis and Hart will end by September this year.

Prices are also dropping while more inventory comes on the market giving more ready,willing and able buyers options to choose from. And it is taking much longer to sell a house in Petworth Washington DC.

Also please read these following market reports to help you with your decision to buy or sell your next home.

Washington DC Real Estate Market Report July 2008

Washington DC Market Report Statistics Zip code 20020 in July 2008

Washington DC Housing Market Report Statistics for June 2008

To receive your free Petworth Washington DC Market Report Statistics,other Market Report Statistics or a free list of "Houses for sale in Washington DC",please don't hesitate to visit my website Houses for sale in Washington,DC. I can be reached at (202) 378-0283 (Direct) and (301) 560-6700 x1154 (Office). I can also be reached online at Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... and Washington DC,Maryland and Virginia Houses for Sale. 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"