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Washington DC Real Estate Market Report for July 2009. Good news to report for potential DC home buyers and sellers-Home sales are up. Total sold dollar volume of Washington DC homes in July 2009 was $313,292,875 compared to $293,540,305 in July 2008.
Total amount of Washington DC Houses for sale that actually sold in July 2009 were 648 houses compared to 506 houses in July 2008. That is a 28.06% DC home sales increase. With low interest rates,lower home prices and with less than 100 days left to get the $8000 first time home buyer tax credit for DC and MD Home buyers, this is a great time to buy a house for sale in DC.
| |
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
|
4
|
8
|
1 -30 Days
|
268
|
|
$30,000-$39,000
|
0
|
0
|
0
|
0
|
1
|
5
|
31-60 Days
|
108
|
|
$40,000-$49,999
|
0
|
1
|
1
|
3
|
4
|
6
|
61 - 90 Days
|
83
|
|
$50,000-$59,999
|
1
|
2
|
0
|
0
|
11
|
5
|
91-120 Days
|
36
|
|
$60,000-$69,999
|
4
|
1
|
0
|
0
|
9
|
5
|
Over 120 Days
|
153
|
|
$70,000-$79,999
|
0
|
4
|
2
|
2
|
13
|
10
|
Total
|
648
|
|
$80,000-$89,999
|
0
|
1
|
0
|
1
|
8
|
9
|
|
|
|
$90,000-$99,999
|
2
|
4
|
0
|
1
|
26
|
6
|
Type of Financing
of Units Sold
(No. of Units)
|
|
$100,000-$119,999
|
1
|
1
|
1
|
2
|
34
|
29
|
|
$120,000-$139,999
|
2
|
6
|
2
|
1
|
34
|
50
|
Conventional
|
323
|
|
$140,000-$159,999
|
1
|
3
|
0
|
5
|
56
|
62
|
FHA
|
159
|
|
$160,000-$179,999
|
0
|
2
|
0
|
8
|
60
|
69
|
VA
|
13
|
|
$180,000-$199,999
|
1
|
6
|
3
|
10
|
78
|
76
|
Assumption
|
40
|
|
$200,000-$249,999
|
6
|
10
|
4
|
41
|
162
|
170
|
Cash
|
99
|
|
$250,000-$299,999
|
3
|
15
|
6
|
37
|
180
|
170
|
Owner Finance
|
1
|
|
$300,000-$399,999
|
5
|
25
|
19
|
92
|
265
|
276
|
All Other
|
13
|
|
$400,000-$499,999
|
9
|
20
|
6
|
53
|
149
|
241
|
Unreported
|
0
|
|
Over $500,000
|
16
|
65
|
77
|
53
|
648
|
429
|
Total
|
648 |
|
Totals
|
52
|
166
|
121
|
309
|
1742
|
1626
|
|
|
|
Grand Totals
|
648 |
3368 |
2009 2008 % Change
| Total Sold Dollar Volume: |
$ 313,292,875 |
$ 293,540,305 |
6.73 % |
| Average Sold Price: |
$ 483,477 |
$ 580,119 |
- 16.66 % |
| Median Sold Price: |
$ 386,000 |
$ 422,180 |
- 8.57 % |
| Total Units Sold: |
648 |
506 |
28.06 % |
| Average Days on Market: |
88 |
74 |
18.92 % |
| Average List Price for Solds: |
$ 520,162 |
$ 624,805 |
- 16.75 % |
| Avg Sale Price as a percentage of Avg List Price: |
92.95 % |
92.85 % |
|
| Total Number of NEW listings |
| taken for the month: |
914 |
Total Number of Properties |
| marked Contract for the month: |
393 |
| Total Number of Properties |
| marked Contingent for the month: |
289 |
Total Number of NEW pendings |
| (CONTRACTS + CONTINGENTS): |
682 |
|
Looking for a Real Estate Professional that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. 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 DC home" Zip codes 20019,20020,20011,20032,20774,20721
