DC Condo Prices Up in August 2010; The Rest of the DC Real Estate Market Hovers Nearby

September 22nd, 2010 Laura

DC Condos saw a 3.6% increase in median sales price in August over 2009. Single family homes dropped only 0.74% last month. Average sale price for condos remains higher than the past 5 years, while single family saw just a $2,000 drop from last year, hovering right around the same numbers as 2009.

Inventory for the month of August was up 7.1% for condos and down 1.1% for single family homes.

There were 537 sales last month, of which 21 closed were short sales and 72 were bank-owned. The DC market attributed to distressed sales is about 17.3%.

Stats courtesy of GCAAR.com

Posted in Washington D.C.

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2 Responses to “DC Condo Prices Up in August 2010; The Rest of the DC Real Estate Market Hovers Nearby”

1. DeedStreet RE NewsRoll 9/22/10 | DeedStreet / Blog says:

   September 22, 2010 at 3:38 pm

   [...] DC DC Condo Prices Up in August 2010; The Rest of the DC Real Estate Market Hovers Nearby DC Condos saw a 3.6% increase in median sales price in August over 2009. Single family homes [...]
2. Tweets that mention DC Condo Prices Up in August 2010; The Rest of the DC Real Estate Market Hovers Nearby | Arlington Real Estate News -- Topsy.com says:

   September 24, 2010 at 5:33 am

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