cooldcre: New District of Columbia Condo Sales Data for October 2012

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New District of Columbia Condo Sales Data for October 2012

DC Median Sold Price Condos Oct 2012 

New District of Columbia Condo Sales Data for October 2012

Median sold price for Condo & Co-ops in Washington DC during the month of October 2012 was $389,000., an increase of 9.4% over September 2012 and 5.1% higher than October 2011.

DC Condo Stats Oct 2012

Average days on market (DOM) for units sold in October was 57 days, 19% fewer DOM than the 5-year October average of 70 days.

A 1.7% month-over-month (MoM) increase in new contract activity showed 295 New Pending contracts; a 0.6% MoM increase in All Pendings (new contracts + contracts carried over from September) to 497; and a 2.3% decrease in supply to 692 active units.

This activity resulted in a Contract Ratio of 0.72 pendings per active listing, up from 0.70 in September and an increase from 0.35 in October 2011. The Contract Ratio is 85% higher than the 5-year October average of 0.39.

*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.

INDIVIDUAL NEIGHBORHOOD REPORTS - WASHINGTON D.C.

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Comment balloon 0 commentsThe Isaacs Team llc • November 12 2012 09:39AM

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