Washington DC Real Estate Market Stats for September 2012
The Washington DC real estate market stats are out from the MLS. The median sold price in Washington DC for September 2012 was $417,500 which is down from $439,000 in August 2012. While the median sold price is down 4.9% from August it is up 9.9% from September 2011. The highest median sold price in the last two years in the Washington DC market was in June 2012 when it topped out at $460,000. The fall in the median sale price can most likely be attributed to seasonal averages(Market is usually hotter in June/July) and the lack of inventory in the district. The number of active listings in September in Washington DC was 1,485. The five year average for active listings in the district is 2,504. The average days on market for Washington DC in September was 64 with the 5 year September average being 77 days on market. The average sold price to owner list price was 96.5% which is the highest it has been over the last 5 years in September.
Note-These stats are from the MRIS.