cooldcre: DC Now A Seller's Market?

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

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About The Isaacs Team

realestateinthedistrict.com

RLAH | Real Living At Home

11 Dupont Circle #650 Washington DC 20036

Comment balloon 2 commentsThe Isaacs Team llc • January 21 2012 06:42AM

Comments

Oh send that seller market influence to the Raleigh/Cary area.    Enjoy it.  

Posted by Bud & Beth McKinney, Cary/Raleigh/Apex NC - The Team That Cares, RE/MAX United (RE/MAX UNITED) over 6 years ago

Ha ha, it will come! The national news is improving too. Have a great spring!  : D

Posted by The Isaacs Team llc, realestateinthedistrict.com (RLAH 11 Dupont Circle, Washington DC) over 6 years ago

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