Numbers for Petworth Washington DC Real Estate Market Zip code 20011 are like most of Washington DC Real Estate Markets-houses are taking longer to sell,more inventory continues to come on the market and home values are still decreasing. But sales are not off as much as other real estate markets such as Deanwood Washington DC Real Estate ,Congress Heights Washington DC Real Estate and Anacostia Washington Real Estate.
- Average price house for sale in Petworth Washington DC that sold in October 2008 was $351,485 compared to $387,673 this same time last year a 9.33% decrease.
- Median price of a house for sale in Petworth Washington DC that sold in October 2008 was $302,000 compared to $350,000 this same time last year.
- 24 houses for sale in Petworth Washington DC were sold in October 2008 compared to 30 houses for sale in Petworth Washington DC that were sold this same time last year.
- Average days of a house for sale in Petworth Washington DC that sold was 120 days compared to 85 days this same time last year.
- 12 of the 24 houses that sold in Petworth Washington DC Real Estate used Conventional loans and 8 of the houses that sold used FHA Loans.
- Most of the houses for sale in Petworth Washington DC Real Estate were $200,00-$249,999.
Petworth Washington DC home buyers this is a great time to buy now while prices are still affordable. But remember,please prequalify yourself Home buyers: Please prequalify yourself first before you get preapprove for a loan before you get a preapproval. If you are paying for example $1500 in rent,budget at least an additional 60% to pay for home insurance,electricity,gas,water,property taxes etc. Buying a house is the best sound investment that you will ever make. So please be prepared and educate yourself before you start the home buying process.
And please review some of these "Washington DC Real Estate Market Report" to help you with your home buying or selling decision.
Looking for a Washington DC Real Estate Agent that will help you buy or sell your next house or want a "Free Real Estate Market Report in your area of choice? Check out my website Houses for sale in Washington,DC. I can also be reached at Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... or Twitter http://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day. "Buy a home in Washington DC"
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