DC August Housing Report: Sales Down, Prices Up
The National Association of Realtors recently reported that existing home sales in the DC area were down almost 10 percent in August (compared with August 2009) while sales nationally increased 7.6 percent. Median prices in the metro area were up 5.4% to $345,500 during that time.
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 trying to recover on its own power without the home buyer tax credit. Despite very attractive affordability conditions, a housing market recovery will likely be slow and gradual because of lingering economic uncertainty.”
See other articles related to: dc home prices, housing reports
This article originally published at https://dc.urbanturf.com/articles/blog/dc_august_housing_report_sales_down_prices_up/2505.
Most Popular... This Week • Last 30 Days • Ever
If there was ever a place where the old adage “one man’s trash is another man’s... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
The median price of a home in the region in April rose to $640,000, well above the pr... read »
This week's Best New Listings includes a four-bedroom home in Hyattsville, a chic Dup... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- DC-Area Home Prices Shatter Record in April
- Best New Listings: 140 Years in Hyattsville, 100 Years in Bethesda
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
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