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Good afternoon! How are you? My name is Lanre Folayan-Real Estate Professional with Exit Premier Realty reporting the Washington DC Real Estate Market ReportStatisticsfor September 2008.
According to the Washington DC Real Estate Market Report Statistics inSeptember 2008,the market is not that much different compared to this same time last year in September 2007. Some of the areas in Washington DC that had a lot of sales were areas such as Zip code 20001 (34 house sales in Old City,Logan ),Zip code 20002(42 house sales in Capitol Hill),Zip code 20003 (24 house sales in Old city,Capitol Hill),Zip code 20007 (34 house sales in Georgetown),Zip code 20008(17 house sales in Woodley Park,Cleveland Park,Van Ness),Zip code 20009 (54 house sales in Adams Morgan/Mount Pleasant) and Zip code 20010(14 house sales in Columbia Heights),20011 (42 house sales in Petworth)
Average price of a home that sold in Washington DC in September was $520,296 compared to $543,608 same time last year a 4.52% increase.
409 nine houses sold compared to 410 houses this same time last year a 0.24% drop which is almost the same exact numbers.
Average days of houses for sale in Washington DC on the market in September 2008 was 82 days compared to 69 days in September 2007.
Total sold dollar volume in September 2008 was $212,800,866 compared to $222,879,288 the same time last year a 4.52% drop.
Out of the 409 Washington DC Houses for sale that sold in September 2008:
151 of them were on the market within 1-30 days before the house finally sold.
65 of them were on the market within 31-60 days before the house finally sold.
51 of them were on the market within 61-90 days before the house finally sold.
41 of them were on the market within 91-120 days before the house finally sold.
And 101 of them were on the market over 120 days before the house finally sold.
Types of financing of units sold:
238 of the houses were conventional loans.
83 of the houses were FHA loans.
2 of the houses were VA loans.
33 of the houses were Assumption.
39 of the houses were Cash.
2 of the house was Owner finance.
12 of the houses used all other types of loans.
Please review these market reports to help you make a decision on whether to buy or sell your house right now.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.