DC October Housing Report: Prices Up, Sales Down
The National Association of Realtors has reported that existing home prices in the DC area were up 8.4 percent compared to October 2009, but year over year sales have dropped of almost 24 percent. Prices nationally dropped 0.9 percent compared to a year ago.
Existing home sale statistics include completed transactions for single-family, townhomes, condominiums and co-ops.
NAR chief economist Lawrence Yun on what last month’s national stats means for the housing recovery:
“The housing market is experiencing an uneven recovery, and a temporary foreclosure stoppage in some states is likely to have held back a number of completed sales. Still, sales activity is clearly off the bottom and is attempting to settle into normal sustainable levels.”
See other articles related to: dc home and condo prices, dc home prices, housing reports
This article originally published at https://dc.urbanturf.com/articles/blog/dc_october_housing_report_prices_up_sales_down/2703.
Most Popular... This Week • Last 30 Days • Ever
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
- The 4 Projects In The Works Near DC's Starburst Intersection
- What Are the Annual Maintenance Costs When You Own a Home?
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
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