Dupont DC New Real Estate Market Report Year End 2012

By
Real Estate Agent with RLAH 11 Dupont Circle, Washington DC Licensed in DC & VA
https://activerain.com/droplet/MMv

DC real estate www.coolDCre.com 

Dupont DC New Real Estate Market Report Year End 2012

Dupont/Adams Morgan DC Closed Sales were up 43.4% from November 2011 and 22.6% from October of 2012! Closed sales are showing an increase of 20.8% year-to-date.

New condos in DC

Dupont DC New Real Estate Market Report Year End 2012

Dupont DC New Real Estate Market Detail

Dupont DC Median Sold Price Rises 19.0% from November 2011!

Median Sold Price also rose from the previous month, 5.8%. Lack of inventory continues to exert upward pressure on prices.

Dupont DC New Listings

Dupont/Adams Morgan DC New Listings were also up over this time 2011, with a 45.8% jump.  Month-over-month activity saw a drop of 11.3%. A drop in new listings is in line with annual trends for this time of year.

Dupont DC New Pending Sales

New Pending Sales also declined from October, 13.9%, largely affected by lack of inventory, and are up 9.7% from November of 2011.

Dupont DC Condo and Coop Market Report 12-10-12

Dupont DC Condos and Co-ops

Closed Sales of Dupont/Adams Morgan DC Condos and Coops Rose 61.5% over November 2011!  Closed Sales were also up over October of 2012 by 18.9%.

New listings of condos and co-ops in Dupont/Adams Morgan fell in November by 9.9%, adding to inventory woes, but show a 73.8% increase from November 2011. 

New pending sales of condos and co-ops in Dupont/Adams Morgan were down 11.1% as inventory continued to dwindle and new construction projects sold out. New Pendings were up, however, 24.4% over November of 2011.

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Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent
Susan, What great numbers and improvement in your market area.
Dec 10, 2012 02:47 AM #1
Rainmaker
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The Isaacs Team llc
RLAH 11 Dupont Circle, Washington DC - Washington, DC
realestateinthedistrict.com

Thanks Debbie, we've been lucky that DC not only led the nation during the downturn, but has steadily become even stronger since. We're appreciative!  How are things where you are?

Dec 10, 2012 02:57 AM #2
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Rainmaker
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