Washington DC Housing Market Report Statistics for June 2008

By
Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

Washington, D.C Housing Market Report Statistics from June 1,2008 to June 30,2008

Total of the units that were sold were 550.

259 of the units sold:   1-30 days.

94 of the units sold:     31-60 days.

66 of the units sold:     61-90 days

31 of  the units sold:    91-120 days.

100 of the units sold:   Over 120 days.

49 of the houses sold were two or less bedrooms. 142 of the houses sold were three bedrooms. And 97 of the houses sold were four bedrooms. There were also 262 Condo,Coop and Ground Rent.

Out of the 3524 Active listings,1898 are residential and 1626 are Condo,coop and Ground Rent.

Type of financing used were:

Conventional:    365

FHA:                  58

VA:                     1

Assumption:       41

Cash:                70

Owner Finance:    0

All Other:           15

Unreported:        0

Total                 550

Total Sold Dollar Volume is down 15.04% from a year ago. Average sold price of a house is $571,055 up 5.66% from a year ago. Median sold price is $425,000 up 2.41% from a year ago. Total units sold 550 compared to 684 last year a 19.59% drop. Average days of a house on the market is 74 days compared to 63 days last year a 17.46% drop. Average list price of house sold was $602,328 compared to $557,271 last year which is a 8.09% drop. And Average sale price as a percentage of avg list price:94.81% compared to 96.99% last year. 

Total number of new listings taken for the month were 997. Total number of properties market Contract were 402. Total number of properties market contingent for the month were 175. And total number of new pendings ( CONTRACTS + CONTINGENTS) were 577.

Source: Metropolitan Regional Information Systems,Inc. -MLS Resale Data

Copyright 2008-Information deemed reliable,but is not guaranteed.

To receive your free list of "Houses for sale in Washington DC",please give me a call at your earliest convenience. I can be reached at (202) 378-0283 (Direct) or (301) 560-6700 x1154 (Office). I can also be reached on my websites www.buyandsellnewhomes.com and www.freelistofhomesforsale.com. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day. Lanre Folayan - Real Estate Professional with Exit Premier Realty. "Buy and sell a home in Washington DC"

 

 

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Rainmaker
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Cameron Novak
The Homefinding Center - Corona, CA
Featured Corona Real Estate Agent Team

So... how many homicides were there in DC for June?

Jul 10, 2008 07:06 PM #1
Rainmaker
795,229
Lanre-"THE REAL ESTATE FARMER" Folayan
Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Cameron- Behave Cameron. I am not even going to touch that one. It is scary though. Thanks for your comments.

Jul 10, 2008 07:31 PM #2
Ambassador
1,022,040
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Congratulations on your first Market report! Great job, Lanre!  These types of posts produce more lead inquiries and real business for me than anything else I do on ActiveRain because consumers want to know what's happening in their market.

Cameron, I think your comment is very inappropriate and  does not contribute in any way to the dialogue Lanre is trying to have with home buyers and sellers in his market!   I don't know where you are located, but clearly you don't know about the wonderful neighborhoods and communities within those D.C. boundaries.  Unfortunately, they don't make the news, but you'll find multi-million dollar homes there as well as troubled neighborhoods and homes for "regular" people - people who work for the government, government contractors and local businesses that serve the area. 

You'll also find churches and social organizations, scout troops... garden clubs... organized kids activities... nice restaurants - just like any other big city.  Oh, yes - don't forget the world-class higher education institutions and their communities - Georgetown University, The Catholic University of America, George Washington, American...  Cameron's comment insults everyone who lives and works in D.C, and certainly doesn't represent the real estate industry or ActiveRain very well at all.

Jul 11, 2008 01:18 AM #3
Rainmaker
795,229
Lanre-"THE REAL ESTATE FARMER" Folayan
Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Margaret- Thank you! Thank you! Thank you very,very much Margaret. I really appreciate your nice comments. I tried my best not to respond in a bad way. And with the great and nice comments you made,I am glad that I didn't. Great people like you Margaret are one of the many reasons why I love Active Rain so much. Now that I have gotten a good response from one of the best here on Active Rain,I am going to start writing more on Market Reports on here from now on. Thanks again Margaret.

Christina-Thank you Christina. I really appreciate your nice comments.

Jul 12, 2008 04:59 PM #4
Ambassador
1,022,040
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Lanre - 'Guess I did go off on a rant, but that first comment was so uncalled for.  Your market report IS the focus here, and you're providing information that consumers are looking for.  (Perhaps my defensiveness for D.C. is rooted in the fact that I grew up there, as did both my parents.  AND I graduated from one of those world-class universities.)

Go get 'em, Lanre!

Jul 13, 2008 12:59 AM #5
Rainmaker
795,229
Lanre-"THE REAL ESTATE FARMER" Folayan
Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Margaret- I will. Thanks again for everything and as usual always being such a very helpful person.

Jul 14, 2008 11:29 AM #6
Rainer
141,858
Tanya Venable
Orlando, FL
SEO, Mobile SEO, and Internet Marketing Consultant

Lanre - Thanks for sharing! That great info to know.

Jul 31, 2008 01:18 AM #7
Ambassador
1,480,908
Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Once again Lanre thanks for sharing such detailed statistics!  It really gives you a snapshot of what a market is really doing.

Jul 31, 2008 01:30 AM #8
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Rainmaker
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Lanre-"THE REAL ESTATE FARMER" Folayan

I don't make promises.I deliver results.SOLD HOMES
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