Things to do in Washington DC: Congress Heights Washington DC ( Zip code 20032) Real Estate Market Report Statistics for October 2008

Congress Heights Washington DC ( Zip code 20032) Real Estate Market Report Statistics for October 2008

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.

Deanwood Washington DC Real Estate Market Report ( Zip code 20019)-October 2008

Washington DC Real Estate Market Report Statistics for October 2008

Anacostia Washington DC ( Zip code 20020 ) Real Estate Market Report - October 2008

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 Twitter: DCHomesforsalehttp://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"

 

 

Click here to Buy a house with $0 down and get up to 4% in grant to use towards down payment and closing costs.     

 

                                                         

 

Want to get a list of recent SOLD HOMES in your area of choice? Click on this link 

 

 

 

Click on this link to download my KW Mobile App to search homes for sale on your mobile phone,IPAD or tablet http://app.kw.com/KW2GQDDCJ

 

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Comment balloon 1 commentLanre-"THE REAL ESTATE FARMER" Folayan • November 29 2008 08:03PM

Comments

Lanre- Interesting statistics keep your head up i'm confident that we'll eventually see a nice rebound?  This information is important even though it's not super positive thanks for being honest with us.  You are the Congress Heights Washington DC 20032 Real Estate Expert.

Posted by Greg Dallaire, Green Bay Homes (Dallaire Realty) about 11 years ago

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