DC Homes Selling For More, Moving Faster Than a Year Ago
MRIS released its July housing numbers for the DC area today, and while we are going to wait for Keith Gibbons of DC Housing Prices to dissect the statistics (DC’s go-to housing market guru is back in action), there are some interesting trends related to home prices and the number of days properties stay on the market that are worth reporting.
While the total number of home and condo sales in DC proper decreased by about 18 percent between July 2009 and July 2010, the average list price and average sold price for homes on the market increased across the board.
Another interesting takeaway from the stats in the chart below is the drastic drop in the average number of days that homes spent on the market. The stat not only speaks to the fact that the country was in the middle of the housing crisis last summer, but also is evidence of the high demand for quality homes when they hit the market these days.
2010 | 2009 | % Change | |
---|---|---|---|
Average Sold Price | $550,687 | $483,477 | 13.9 |
Median Sold Price | $430,000 | $386,000 | 11.4 |
Average Days on Market | 62 | 88 | -29.55 |
Average List Price | $582,959 | $520,162 | 12.07 |
See other articles related to: dc home prices, dclofts
This article originally published at https://dc.urbanturf.com/articles/blog/dc_homes_selling_for_more_moving_faster_than_a_year_ago/2358.
Most Popular... This Week • Last 30 Days • Ever
Roadside Development filed a sketch plan with Montgomery County this month for the 30... read »
The Matthew is located on 9th Street, overlooking the iconic Naylor Court and neighbo... read »
Construction continues humming along on several developments on the uppermost stretch... read »
This week's Best New Listings include an award-winning craftsman, a condo in a former... read »
Today, we take a closer look at home insurance.... read »
- A First Look At The 525-Unit Development That Will Incorporate Silver Spring's Tastee Diner
- Nine Stylish Condominiums Debut in Shaw's Iconic Naylor Court
- The 1,600 Units In The Walter Reed/Takoma Development Pipeline
- Best New Listings: A Home On The Hill With a Pool?
- A Look at What is Covered By Home Insurance
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro