Washington, DC: D.C. Condo Prices Down 2.6 Percent in the Last Year

"The Lacey, a boutique 26-unit condo building at the corner of 11th and Florida NW, has released another set of price drops after a previous round in May (see below the jump). Over the weekend, someone asked me how the condo market was faring, and whether prices in D.C. had dropped substantially. Well, Delta Associates has a new report coming out soon, showing that prices for new and converted D.C. condos have fallen 2.6 percent in the last year—so not considerably. In NoVa, the drop was only 2.9 percent. But in Maryland, it was more substantial: 7.6 percent..."