cooldcre: Washington DC January 2013 Condo Market Report

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Washington DC January 2013 Condo Market Report

Washington DC January 2013 Condo Market Report

Washington Dc Jan2013 Condo Market Report

New condos in DC

Your Neighborhood Market Report for January 2013

DC Metro January 2013 Market Summary


Washington DC January 2013 Condo Market Report

The January 2013 median sold price for condos and co-ops in the District of Columbia was $399,900, up 5.3% compared to December 2012 and an increase of 17.3% from January 2012.

 

Washington DC January 2013 Condo Market Report Average DOM

Average Days On Market (DOM) for condo units sold in January was 72 days, 15% below the 5-year January average of 84 days. New contract activity increased 28.9% month-over-month, with 281 New Pending Sales. This reflects an 11.5% increase from December 2012 n All Pendings (new contracts + contracts carried over from December) to 454 units, and a 6.4% decline in supply to 453 active units.

 

This activity resulted in a Contract Ratio of 1.00 pendings per active listing, up from 0.84 in December and an increase from 0.44 in January 2012. The Contract Ratio is 119% higher than the 5-year January average of 0.46. 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.

 

Statistical data provided by RBI (Real Estate Business Intelligence)

 

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Comment balloon 0 commentsThe Isaacs Team llc • February 11 2013 11:15AM

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