Re/Max's Huntsville/Madison Alabama Mrs.Elizabeth Cooper Ramsey Golden said it best in her latest blog Huntsville Alabama Real Estate and the Mexican Standoff! when she used the term "Mexican Standoff" to describe the situation between home buyers and sellers in Huntsville Alabama.
I think the same thing can be said about the Petworth Washington DC Real Estate Market and other neighborhoods in Washington DC. While home sales are down,houses are taking longer to sell in Petworth Washington DC,the good news for Petworth Washington DC home owners and sellers is that home valuation has increased.
Here is the Petworth Washington DC Real Estate Market Report for November 2008:
- Total dollar amount of houses that sold in Petworth Washington DC was $10,377,400 compared to $13,757,258 in November 2007.
- Average house for sale in Petworth Washington DC that sold were $345,913 compared to $335,543 in November 2007 a 3.09% increase (Great news for Home owners and sellers in Petworth Washington DC).
- Median house for sale in Petworth Washington DC that sold were $351,500 compared to $300,000 in November 2007 a 17.17% increase (More great news for home owners and sellers in Petworth Washington DC).
- Total amount of houses for sale in Petworth Washington DC that sold were 30 houses compared to 41 houses sold in November 2007 a 26.85% increase.
- Average days on the market for a house that sold in Petworth Washington DC was 111 days compared to 73 days in November 2007.
- Types of financing home buyers used to buy a house in Petworth Washington DC were Conventional-20 A FHA loan vs Conventional loan comparison with a credit score of 659,FHA-7,VA-1,Assumption-1 and Cash-1.
To view other Washington DC Real Estate Market Reports,please click on these links.
Anacostia Washington DC Zip code 20020 Real Estate Market Report
November 2008 Deanwood Washington DC Zip code 20019 Real Estate Market Report
November 2008 Washington DC Real Estate Market Report
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"
Lanre - Once again a great consumer post. Hopefully buyers and sellers will review the numbers and make the right decision. Best wishes for your business in 2009.