Dupont DC New Real Estate Market Data

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Dupont DC Sep2012 RE Market Data 

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Dupont DC New Real Estate Market Data

New listings were up by 53.6% from the previous month in September 2012, but down 13.1% from the same time in 2011, furthering the inventory shortage and stabilizing prices in Dupont/Adams Morgan 20009.

New Pending Sales rose 58.8% from August but were down by 13.1% year-over-year.  Closed Sales were up by 1.8% from 2011 but down 30.5% from August of this year, a typical seasonal trend.

Dupont DC RE Market Detail Sep2012

Median Sold price spiked 15.2% from August and was up 17.3% from September 2011.

Dupont DC Condo Co-Op RE Market Report Sep2012

Dupont DC September 2012 Condo & Co-Op Summary

In 20009, the median sold price for Condo & Coop properties for September was $442,500, representing an increase of 1.7% compared to last month and an increase of 9.8% from Sep 2011.

Average days on market (DOM) for units sold in September was 42 days,

29% below the 5-year September average of 59 days. There was a 20.7% month over month increase in new contract activity with 70 New Pendings; a 21.2% MoM increase in All Pendings (new contracts + contracts carried over from August) to 103; and a 1.6% decrease in supply to 125 active units.

This activity resulted in a Contract Ratio of 0.82 pendings per active listing, up from 0.67 in August and an increase from 0.30 in September 2011. The *Contract Ratio is 89% higher than the 5-year September average of 0.43. 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.


Dupont DC September 2012 Detached Home Summary

Dupont DC Detached Homes Report Sep2012

In the 20009 zip code, the median sold price for Detached properties for September was $895,000, representing an increase of 129.5% compared to last month and an increase of 106.9% from Sep 2011.

Average DOM for units sold in September was 7 days, 79% below the 5-year September average of 33 days.

There was a 66.7% month over month decrease in new contract activity with 1 New Pendings; no MoM change in All Pendings (new contracts + contracts carried over from August) with 4; and a 66.7% increase in supply to 5 active units.

This activity resulted in a Contract Ratio of 0.80 pendings per active listing, down from 1.33 in August and an increase from 0.30 in September 2011. The Contract Ratio is 64% higher than the 5-year September average of 0.49.

 

Dupont DC September 2012 Attached/Townhome Summary

Dupont DC Attached-Townhome Market Data Sep2012

Dupont DC Median Sales Price Attached-TH Sep 2012

In 20009, the median sold price for Attached/Townhouse properties for September was $1,065,000, representing an increase of 35.2% compared to last month and an increase of 15.8% from Sep 2011.

Average DOM for units sold in September was 31 days, 20% below the 5-year September average of 39 days.

There was a 10% month over month decrease in new contract activity with 9 New Pendings; a 13.3% MoM decrease in All Pendings (new contracts + contracts carried over from August) to 13; and an 18.2% increase in supply to 13 active units. This activity resulted in a Contract Ratio of 1.00 pendings per active listing, down from 1.36 in August and an increase from 0.57 in September 2011. The Contract Ratio is 74% higher than the 5-year September average of 0.57.


All DC Metro Market Data for September 2012


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