Despite total home sold dollar volume down 29.82% from a year ago,people are still buying homes in Washington DC. 506 houses for sale in Washington DC were sold compared to 550 last month. Out of the total 506 of the houses for sale in Washington DC that sold in July 2008,221 of them were on the market from 1-30 days. That shows that if you price your home right based on recent solds and market activity,you have a very good chance of finding a buyer who is going to buy your house.
There are also 3363 houses for sale in Washington DC. This amount of inventory creates a lot of buying opportunity for buyers who are talking about buying a house or have already started the home buying process.
Washington D.C.
From: 07/01/2008 to 07/31/2008 Statistics generated on: 08/15/2008
|
Residential |
Active Listings |
Time on Market |
|||||||
|
Price Class |
2 |
|
4 |
Condo |
Residential |
Condo |
of Units Sold |
||
|
Under $30,000 |
0 |
0 |
0 |
0 |
2 |
3 |
1 -30 Days |
221 |
|
|
$30,000-$39,000 |
0 |
0 |
0 |
4 |
1 |
6 |
31-60 Days |
88 |
|
|
$40,000-$49,999 |
0 |
0 |
0 |
0 |
2 |
5 |
61 - 90 Days |
72 |
|
|
$50,000-$59,999 |
0 |
0 |
0 |
1 |
0 |
3 |
91-120 Days |
37 |
|
|
$60,000-$69,999 |
0 |
0 |
0 |
0 |
0 |
4 |
Over 120 Days |
88 |
|
|
$70,000-$79,999 |
0 |
0 |
0 |
0 |
2 |
2 |
Total |
506 |
|
|
$80,000-$89,999 |
0 |
0 |
0 |
1 |
4 |
3 |
|||
|
$90,000-$99,999 |
0 |
0 |
0 |
0 |
6 |
3 |
Type of Financing |
||
|
$100,000-$119,999 |
0 |
0 |
0 |
1 |
8 |
17 |
|||
|
$120,000-$139,999 |
0 |
1 |
0 |
0 |
16 |
28 |
Conventional |
316 |
|
|
$140,000-$159,999 |
0 |
3 |
0 |
1 |
26 |
52 |
FHA |
84 |
|
|
$160,000-$179,999 |
1 |
0 |
0 |
2 |
29 |
80 |
VA |
1 |
|
|
$180,000-$199,999 |
1 |
1 |
1 |
5 |
64 |
92 |
Assumption |
41 |
|
|
$200,000-$249,999 |
7 |
11 |
1 |
33 |
142 |
195 |
Cash |
52 |
|
|
$250,000-$299,999 |
3 |
20 |
3 |
30 |
228 |
180 |
Owner Finance |
0 |
|
|
$300,000-$399,999 |
10 |
26 |
14 |
57 |
424 |
301 |
All Other |
12 |
|
|
$400,000-$499,999 |
4 |
12 |
4 |
52 |
244 |
225 |
Unreported |
0 |
|
|
Over $500,000 |
19 |
54 |
71 |
52 |
593 |
373 |
Total |
506 | |
|
Totals |
45 |
128 |
94 |
239 |
1791 |
1572 |
|||
|
Grand Totals |
506 | 3363 | |||||||
|
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
To receive your free list of "Houses for sale in Washington DC",please give register on one of my websites Houses for sale in Washington,DC.I can be reached at (202) 378-0283 (Direct) or (301) 560-6700 x1154 (Office). And I can also be reached online on my other websites Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... and Washington DC,Maryland and Virginia Houses for Sale and Thank you very much. Looking forward to working with you and 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 a home in Washington DC"
You're becoming quite the master of Market Studies, Lanre. Great way to set yourself apart from other real estate agents in the city.
You have definitely given someone the info they need. I would truly consider you the SME (Subject Matter Expert).
Margaret -Thank you Margaret. I really appreciate that. But to be honest with you,you are one definitely one of the great ones who I am learning from. One day I hope to be almost as great as you are. Thanks for your comments. Have a great weekend.
Latonia-Thank you. Thank you very much. Have a great weekend.