Numbers released from our Multiple Listing Service for last month; show a pretty promising start to 2012. While the number of closed sales are down slightly (-1.28%); the average sold price is up 10.24% from January 2011. Along with the prices increases; the average days on the market are also dropping; down 6.1% to 77…
Category Archives: Market Reports
Market Detail: Dupont Area
Below are some detailed Market Data for the 20036 zip code in Washington DC: which includes Dupont Circle. To search more areas of Washington DC : Follow This Link
Home Prices continue to rise in Washington DC
While the rest of the country struggles with home prices still looking for a bottom; Washington DC is staying strong. DC posted the third-best gain in prices in the last three months, up 2.1 percent. Compared with a year ago, the median price in Washington is up 1.9 percent. The number of da ys a home…
I have multiple offers – What should I do?
Now most home sellers would be thrilled with just one offer, let alone multiple ones at the same time. This is however happening more and more in the DC market, as the inventory of great properties stays at a multi-year low. So what are some things to consider if there are multiple offers? -Look at…
DC Market Update: LOW INVENTORY
I have tracked the inventory in the DC Real Estate market for years; (Since 2006). Every week I look at how many homes are on the market for sale and how many are under contract. While it doesn’t mean much week to week; my team and I see the trends happening; most always before any…
Slow Real Estate Market in December? NO…
Most home buyers and sellers always assume that December is a very slow month in Real Estate. While it is true that December is not as busy as May and June; homes do still sell. There are a few factors at play here; which attribute to the “busier than expected” December home sales: There…
DC Home Prices still climb – barely
Well anything on the PLUS side is good I suppose. The latest Case-Shiller Report came out this week. It shows that while Nationally home prices fell .6%, between August and September and dropped by 3.9% since September of 2010. The good news for DC is that home prices have increased on a monthly scale by…
FHA Loan Limits – Why should I care?
There has been talk about raising FHA loan limits. Well what does that mean and why should most – or any – people care? Congress to working to re-instate the FHA loan limit back to $729,750 (only in high-costs cities like Washington, DC). It fell back to the former limit of $625,000 on October…
September DC Real Estate Stats
Sales took a drop in September in the District by 9.89% compared to August; but ticked up slightly over last September; by 1.8%. Prices of homes are also down in September vs August; but compared to last year – the average sold price was only down .84%; while the median sold price compared to last…
The DC Real Estate Market… you’re not in Kansas anymore…
… not to pick on Kansas … The Washington DC Real Estate Market is hard for many people to understand; whom are relocating from other parts of the Nation. Our market is one of the very few markets; where prices are (slowly) inching upwards. The inventory of good properties is down and sellers are…
