Good afternoon! How are you? My name is Lanre Folayan-Real Estate Professional with Exit Premier Realty reporting the Washington DC Real Estate Market Report Statistics for September 2008.

According to the Washington DC Real Estate Market Report Statistics in September 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.

Deanwood Washington DC Real Estate Market Report Statistics (Zip code 20019) - August 2008

Petworth Washington DC Real Estate Market Report Statistics (Zipcode 20011) -August 2008

Anacostia Washington DC Real Estate Market Report Statistics (Zip code 20020) - August 2008

Congress Heights Washington DC Real Estate Market Report Statistics (Zipcode 20032)- August 2008

Washington DC Real Estate Market Report August 2008

This is Lanre Folayan-Real Estate Professional with Exit Premier Realty reporting the Washington DC Real Estate Market Report. Have a great day.

To receive your free Real Estate Market Reports Statistics and free list of "Houses for sale in Washington DC",please 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 a stress free and very happy one. Have a great day. Lanre Folayan- Real Estate Professional with Exit Premier Realty. "Buy a home with Washington DC".

 

 

                                          HGTV FRONT DOOR WASHINGTON DC REAL ESTATE AGENT

 

 

5 Comments on Washington DC Real Estate Market Report Statistics for September 2008

OCT
15
2008
389,734 Points 28 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Lanre,  I think your housing numbers look fairly decent, really.  Average DOM of 82 isn't that darn bad, for the media hype we have all been enduring!

Hey, I"m ElizabethGolden at Twitter...come find me:)
8:52pm • #1
OCT
17
2008
621,279 Points 11 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hey Liz. I didn't know 82 days on the DOM is not as bad compared to other cities and states. I finally found you on Twitter. But average sale price of a house in Washington DC-$520,296 compared to national average which is like $202,000. ( I am sure but it is around this price ). Have a great weekend.
5:38am • #2
1,452,718 Points 46 Featured Posts Outside Blog Called Shot Master

Good information for consumers. Days on the market is good.
8:42am • #3
OCT
20
2008
621,279 Points 11 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Gita- Days on the market? Okay. Average home sales price? TOO HIGH-LOL. Thanks for your comments Gita. Have a great day.
9:33am • #4
1 Featured Post

Lanre- Looks like the Washington D.C. Real Estate Market is doing just fine comparative to the rest of the nation.  It's great to see your Market Reports for Washington D.C. it's important for people to see the Local number and not to get to consumed on the national media.
10:45am • #5


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Lanre "The Real Estate Farmer"Folayan. Buy a home in Washington DC.

Sell your Washington DC Home.

Washington, DC

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