cooldcre: January 2012

New condos in DC Districtre.com The Isaacs Team LLC

DC Now A Seller's Market?

DC Now a Seller’s Market?

New condos in DC 

Most buyers and sellers of residential real estate don’t follow the market as closely as do real estate professionals, and when they read real estate news, it is often a national profile. While it’s great to know what’s going on in the national marketplace, real estate transactions are local, so buyers and sellers will want to note what’s going on in their immediate market.

In Washington D.C., the market has been the exception to the national rule since the mid-2006 market decline began. Not only did D.C. have fewer short sales and foreclosures than the national average, its recovery was rapid and steady. Washington D.C. has made news consistently as a national real estate market leader through the market crisis.

So what’s happening now in D.C. real estate? Here are the latest (December 2011) DC market stats from RBI (Real Estate Business Intelligence):

December 2011 Real Estate Market Statistics for Washington, DC

Statistic

Values

YoY

MoM

Total Sold Dollar Volume

$265,698,142

+0.17%

+15.58%

Closed Sales

495

+2.48%

+10.74%

Median Sold Price

$414,000

+3.76%

+4.81%

Avg Sold Price

$536,764

-2.26%

+4.37%

Avg Days on Market

76 days

-3.8%

+4.11%

Avg Sold to Orig List Ratio

93.81%

+1.72%

-0.34%

See the latest DC real estate market data

Copyright - All rights reserved The Isaacs Team LLC

The Isaacs Team LLC Evers & Co. DC

The Isaacs Team LLC

Top-tier Washington DC Realtors

Districtre.com

theisaacsteam@gmail.com

202-669-5343

Slate Properties
1121 5th Street NW DC 20001
Washington DC Top 50
Washingtonian Best 100
Trulia Top 1% Award
Washington Post Power Players
Client Reviews: Zillow  Yelp  Trulia
The Isaacs Team LLC is a Virginia Limited Liability Company
 

Districtre.com

Districtre.com is DC's most informative real estate website

New condos in Washington DC & Northern Virginia; Logan Circle, Adams Morgan, Dupont CircleSouthwest DC, Capitol Hill, Eastern Market, Brookland, Georgetown, Penn Quarter, Glover Park, Cathedral Heights, LeDroit Park, H Street Corridor, U Street, 14th Street corridor, Mt. Vernon Triangle, Kalorama, Arlington VA, Alexandria VA, Vienna VA, Fairfax VA, McLean VA and Great Falls VA.

  

Equal Housing Opportunity

Comment balloon 2 commentsThe Isaacs Team llc • January 21 2012 06:42AM
DC Now A Seller's Market?
share
DC N ow a Seller’s Market? New condos in DC Most buyers and sellers of residential real estate don’t follow the market as closely as do real estate professionals, and when they read real estate news, it is often a national… more
DC Home Buyers Waking Up To Opportunities
share
2012 DC Real Estate Market Starting Off Hot and Fast DC METRO - January 11 2012 After a sleepy third quarter in 2011, DC home buyers came out in force in the fourth, snapping up winter inventory, now at its lowest level in six… more
DC's RBI December Numbers Are Out!
share
The new RBI stats are out for DC Metro and I could post all the boring little white data boxes… or… http://dc. curbed. com/archives/2012/01/curbed-heat-map-for-dc-sales-price. php#pointmap It really doesn't get better than this… more