Year End Washington DC RE Market Report 2012

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

Year End Washington DC RE Market Report 2012

Washington DC RE Market Report 12-10-12

Year End Washington DC RE Market Report 2012 by The Isaacs Team

DC RE Development Report for 2012-2013

DC RE Full Year End Market Report

December Data

Washington DC December 2012 RE Market Data

See market reports by neighborhood

Washington DC December 2012 RE Market Data

Overiew

The story for DC real estate in December 2012 was a fairly predictable one based on 2012 market trends; Inventory was down, which created upward pressure on prices and lowered average Days On Market.


DC real estate market report December 2012

Condos & Co-Ops in Washington DC December 2012 RE Market Data

DC's median sold price for Condo & Coops in December was $379,900, a drop of 1.3% compared to November 2012 and an increase of 1.3% from December 2011.

The average days on market for units sold in December 2012 was 60 days in DC, a significant 21% below the 5-year December average of 76 days.

Contract activity was down 8.8% form November 2012 with 218 New Pending sales, and down 10.4% for All Pendings (new contracts + contracts carried over from November) to 407. There was a 26.2% decrease in supply to 484 active units. This activity resulted in a Contract Ratio of 0.84 pendings per active listing, no change from November and no change from December 2011.

The Contract Ratio for December 2012 was 108% higher than the 5-year December average of 0.40. 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.

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November Numbers 

 Year End Washington DC RE Market Report 2012

Washington DC Total Sold Dollar Volume Up Nearly $345K -Rises 50.04% YoY

The Washington DC real estate market remains strong! Total Sold Dollar Volume was up 50.04% in November from the previous year and up 23.12% from October of this year.

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Rainmaker
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Kim & Kristine Halverson
www.LiveWorkSiliconBeach.com, Santa Monica Real Estate :) - Santa Monica, CA
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Great post with lots of info for locals!  Kristine

Dec 10, 2012 01:55 AM #1
Rainmaker
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The Isaacs Team llc
RLAH 11 Dupont Circle, Washington DC - Washington, DC
realestateinthedistrict.com

Thanks Kim & Kristine! Always a lot to talk about in DC real estate  : )  Love your blog, btw!

Dec 10, 2012 02:25 AM #2
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