Market Snapshot of DC Metro Area for Sept 2010

By Akil Walker

Real Estate Agent with Bennett Realty Solutions 625668

October 16, 2010 09:30 AM

The Washington DC Area local Real Estate inventory report based on data from MLS for Homes Sales in District of Columbia, Maryland and Viriginia. As you can see from the table below mortgage rates are incredibly low rates, & depending on your mind set (is the glass half full or half empty) this is great time to Buy and Sell real estate. I hope you enjoy.

Housing Inventory Snapshot	September 30, 2010
	Average List Price	Median List Price	Average Days On Market
District of Columbia (DC), DC
Single Family under $1M	$388,136	$324,900	130
Single Family over $1M	$2,526,627	$1,950,000	129
Condo/Townhome under $600K	$296,063	$278,400	103
Condo/Townhome over $600K	$1,256,233	$910,000	106
Anne Arundel County, MD
Single Family under $500K	$322,353	$319,900	142
Single Family over $500K	$1,036,912	$775,000	198
Condo/Townhome under $300K	$189,800	$209,500	137
Condo/Townhome over $300K	$480,242	$375,000	155
Howard County, MD
Single Family under $500K	$368,562	$375,000	132
Single Family over $500K	$826,275	$697,000	163
Condo/Townhome under $300K	$216,223	$225,000	102
Condo/Townhome over $300K	$394,375	$355,000	79
Montgomery County, MD
Single Family under $1M	$514,522	$475,000	97
Single Family over $1M	$2,053,524	$1,600,000	133
Condo/Townhome under $600K	$247,650	$235,000	100
Condo/Townhome over $600K	$981,400	$770,000	91
Prince Georges County, MD
Single Family under $500K	$242,063	$229,500	137
Single Family over $500K	$850,376	$630,000	234
Condo/Townhome under $300K	$150,524	$149,900	131
Condo/Townhome over $300K	$393,435	$359,000	111
Arlington County, VA
Single Family under $1M	$686,592	$684,900	73
Single Family over $1M	$1,542,816	$1,399,000	92
Condo/Townhome under $600K	$346,955	$345,000	80
Condo/Townhome over $600K	$1,033,475	$815,000	103
Fairfax County, VA
Single Family under $1M	$603,892	$574,900	89
Single Family over $1M	$1,908,694	$1,499,000	163
Condo/Townhome under $600K	$305,770	$300,000	75
Condo/Townhome over $600K	$829,229	$709,000	87
Alexandria City, VA
Single Family under $1M	$643,380	$650,000	69
Single Family over $1M	$1,546,561	$1,295,000	119
Condo/Townhome under $600K	$317,634	$299,900	81
Condo/Townhome over $600K	$988,157	$819,900	97

MORTGAGE. National Averages (September 30, 2010)*
30-year fixed	Rate - 4.47%	APR - n/a%
15-year fixed	Rate - 3.84%	APR - n/a%
5/1 ARM	Rate - 3.39%	APR - n/a%

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.
** There are not enough listings in this category to compile comparative analysis.
*** MLS doesn't provide access to this data.