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DC Homes Selling For More, Moving Faster Than a Year Ago

  • August 10th 2010

by UrbanTurf Staff

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.

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