Median Sold Price Up 8.1% over August 2011
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Condo Median Sold Price Up 8.1% over August 2011
In Washington, D.C., the median sold price for Condo & Coop properties for August was $389,000, a decrease of 1.8% compared to July and an increase of 8.1% from Aug 2011.
The average days on market for units sold in August was 62 days, 11% fewer than the 5-year August average of 70 days.
Contract Ratio of 0.70 pendings per active listing is up from 0.64 in July and an increase from 0.36 in August 2011. The Contract Ratio is 72% higher than the 5-year August average of 0.41.
*A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.
See more detail on DC condo & co-op market data for August 2012
Data by RBI (Real Estate Business Intelligence)
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