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January 2009 Washington DC Real Estate Market Report Statistics

Residential
Unit Sales
Number of Bedrooms

Active Listings

Time on Market

Price Class

2
Or Less


3

4
or More

Condo
Coop and
Ground Rent

Residential

Condo
Coop and
Ground Rent

of Units Sold
(No. of Units)

Under $30,000

1

0

0

0

0

1

1 -30 Days

65

$30,000-$39,000

0

0

0

0

0

8

31-60 Days

42

$40,000-$49,999

0

0

0

0

2

7

61 - 90 Days

34

$50,000-$59,999

0

0

0

0

1

0

91-120 Days

34

$60,000-$69,999

1

1

0

0

6

8

Over 120 Days

78

$70,000-$79,999

1

1

0

1

5

7

Total

253

$80,000-$89,999

0

4

0

1

6

10

$90,000-$99,999

1

0

0

0

21

9

Type of Financing
of Units Sold
(No. of Units)

$100,000-$119,999

0

0

0

0

32

19

$120,000-$139,999

1

1

0

0

40

34

Conventional

141

$140,000-$159,999

0

2

1

0

50

36

FHA

50

$160,000-$179,999

2

1

1

2

48

75

VA

9

$180,000-$199,999

3

0

2

5

83

90

Assumption

11

$200,000-$249,999

6

12

3

11

194

175

Cash

36

$250,000-$299,999

2

12

3

9

238

179

Owner Finance

0

$300,000-$399,999

6

16

9

27

312

272

All Other

6

$400,000-$499,999

1

6

2

20

174

204

Unreported

0

Over $500,000

4

18

31

22

638

401

Total

253

Totals

29

74

52

98

1850

1535

Grand Totals

253 3385
20092008% Change
Total Sold Dollar Volume: $ 125,331,032 $ 176,970,419 - 29.18 %
Average Sold Price: $ 495,380 $ 556,511 - 10.98 %
Median Sold Price: $ 360,000 $ 428,000 - 15.89 %
Total Units Sold: 253 318 - 20.44 %
Average Days on Market: 112 87 28.74 %
Average List Price for Solds: $ 553,500 $ 600,053 - 7.76 %
Avg Sale Price as a percentage of Avg List Price: 89.50 % 92.74 %
Total Number of NEW listings
taken for the month: 910

Total Number of Properties
marked Contract for the month: 193
Total Number of Properties
marked Contingent for the month: 147

Total Number of NEW pendings
(CONTRACTS + CONTINGENTS): 340

Looking for a Washington DC Real Estate Professional 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 home Washington DC" (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 home Washington DC"

Posted Wednesday Feb 25