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Determining DC Real Estate Market Values
 
Determinig Real Estate Market Values
New condos in DC
DC Year End Real Estate Market Report 2012
Do you know how to determine real estate market values for your DC Metro home purchase?
Whether you're in the market for a condominium, single family home, co-op or townhouse, knowing how to calculate value of DC Metro real estate will empower you to make well thought out decisions and position yourself for the best outcome in future transactions.
Washington DC market values are some of the strongest in the country. Here's how to determine if that special property you're considering is worth the listing price:
DC Metro Inventory/absorption rate
This is an important measure of market condition in DC metro real estate. Current active inventory divided by sold properties (typically within 30 days), shows how many months it would take to clear all the current inventory from the market at that point in time.
Generally, a healthy, balanced DC metro real estate market is considered to have an inventory/absorption rate of four to six months. A rate greater than six months indicates a buyer’s market, and a rate under four months is a seller’s market. To target specific trends, the same analysis can be conducted by price, or by neighborhood.
Average list price trends in ... more

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