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Washington DC Housing Market Report Statistics for June 2008

Washington, D.C Housing Market Report Statistics from June 1,2008 to June 30,2008

Total of the units that were sold were 550.

259 of the units sold:   1-30 days.

94 of the units sold:     31-60 days.

66 of the units sold:     61-90 days

31 of  the units sold:    91-120 days.

100 of the units sold:   Over 120 days.

49 of the houses sold were two or less bedrooms. 142 of the houses sold were three bedrooms. And 97 of the houses sold were four bedrooms. There were also 262 Condo,Coop and Ground Rent.

Out of the 3524 Active listings,1898 are residential and 1626 are Condo,coop and Ground Rent.

Type of financing used were:

Conventional:    365

FHA:                  58

VA:                     1

Assumption:       41

Cash:                70

Owner Finance:    0

All Other:           15

Unreported:        0

Total                 550

Total Sold Dollar Volume is down 15.04% from a year ago. Average sold price of a house is $571,055 up 5.66% from a year ago. Median sold price is $425,000 up 2.41% from a year ago. Total units sold 550 compared to 684 last year a 19.59% drop. Average days of a house on the market is 74 days compared to 63 days last year a 17.46% drop. Average list price of house sold was $602,328 compared to $557,271 last year which is a 8.09% drop. And Average sale price as a percentage of avg list price:94.81% compared to 96.99% last year. 

Total number of new listings taken for the month were 997. Total number of properties market Contract were 402. Total number of properties market contingent for the month were 175. And total number of new pendings ( CONTRACTS + CONTINGENTS) were 577.

Source: Metropolitan Regional Information Systems,Inc. -MLS Resale Data

Copyright 2008-Information deemed reliable,but is not guaranteed.

To receive your free list of "Houses for sale in Washington DC",please give me a call at your earliest convenience. I can be reached at (202) 378-0283 (Direct) or (301) 560-6700 x1154 (Office). I can also be reached on my websites and 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. Lanre Folayan - Real Estate Professional with Exit Premier Realty. "Buy and sell a home in Washington DC"



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Washington DC Housing Market Report Statistics for June 2008
Washington, D. C Housing Market Report Statistics from June 1, 2008 to June 30, 2008 Total of the units that were sold were 550. 259 of the units sold: 1-30 days. 94 of the units sold: 31-60 days. 66 of the units sold: … more
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