cooldcre: February 2014 DC Real Estate Inventory Update

New condos in DC Districtre.com The Isaacs Team LLC

February 2014 DC Real Estate Inventory Update

February DC Real Estate Market Update

February 2014 DC Real Estate Inventory Update

The Big Story in DC Real Estate is Still Inventory

Although Median Sales Price and List-to-Sold-Price Ratio continue to rise in the District of Columbia real estate market, inventory remains extremely low. 

There are, as of February 10 2014:

Condos & Co-Ops

  • $200-500K 267 Active Standard Listings
  • $501-750K 96 Active Standard Listings
  • $751-900K 12 Active Standard Listings
  • $901-2M+ 64 Active Standard Listings

Fee Simple/Single Family Detached & Townhome

  • $200-500K 267 Active Standard Listings
  • $501-750K 100 Active Standard Listings
  • $751-900K 30 Active Standard Listings
  • $901-2M+ 138 Active Standard Listings

Active Listings in January 2014 DC Real Estate Market

Active Listings for January 2014 in DC was 1,018,  an increase of 52 listings from the same time last year. The five-year average for Active Listings in January is 1,624.

Average Days On Market Lowers With Inventory Level

Average DOM for January 2013 was 53 Days, down from Jan. 2013′s average of 65 and well below the five year average of 7 3 Days.

Average Sold To List Price Ratio Rises When Inventory Lowers

In January 2014, the Average Sold To List Price Ratio (SLPR) was 97.1%, up from January 2013′s 96.4% and above the five-year average of 94.5%.

Read the full February 2014 DC Real Estate Market Report at Districtre.com

As weather improves, so might available DC real estate inventory. As has been the trend in DC the past few years, buyers can expect multiple offer situations and very fast conversions from listing to contract.

Interested in purchasing DC real estate? Check out Districtre.com for all the information you'll need on purchasing DC real estate, then contact us to guide you through the process. We're buyer experts!

Interested in selling your DC real estate? Check out Metrohagents.com, our listing team site!

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The Isaacs Team at RLAH

About The Isaacs Team

realestateinthedistrict.com

RLAH | Real Living At Home

11 Dupont Circle #650 Washington DC 20036

Comment balloon 0 commentsThe Isaacs Team llc • February 10 2014 10:33AM

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