Numbers this month for the Congress Heights Washington DC ( Zip code 20032 )Real Estate Market Report October 2008 doesn't look too appealing.
- Only four houses for sale in Congress Heights Washington DC (Zip code 20032) sold compared to 13 houses for sale in Congress Heights Washington DC that sold this same time last year.
- Average sold price of a house for sale in Congress Heights Washington DC (Zip code 20032) was $170,375 compared to $225,988 this same time last year -a 24.61% decrease.
- Median sold price of a house for sale in Congress Heights Washington DC (Zip code 20032) was $166,250 compared to $215,000 this same time last year a 22.67% decrease.
- Average days on the market of a house that sold in Congress Heights Washington DC (Zip code 20032) in October 2008 was 30 days compared to 115 days this same time last year.
So why houses for sale in Congress Heights Washington DC taking very long to sale? It can be many reasons.
- House is probably not priced right according to recent market sales in the neighborhood.
- House was not staged by a professional home stager so it probably doesn't look too appealing to buyers.
- Most buyers who want to buy in that neighborhood probably want to use a conventional loan instead of a FHA Loan product which 75% of the houses that sold in October 2008 used.
- And more.......
There are still many ready,willing and able Congress Heights Washington DC home buyers who want to buy your house. But are you sure you have not priced yourself out of the market? Do you know the current real estate market trends and sales in your neighborhood? If you don't please consult a real estate professional who knows and understands your real estate market very well.
And please read these Washington DC Real Estate Market Reports to help you make a better sound decision when it comes to buying or selling a house.
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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