Average sale prices in January were over 10% higher than January 2011! Average days on the market fell to 77, while properties were averaging 93.97% of original list price. A total of 390 properties sold in January, of which 40 were distressed (18 bank owned, 22 short sales). The market is getting stronger everywhere in the DC Metro!
Single Family, Detached Homes
Average Sale Price: $805,371 after 68 days
Range: $78,000 – $4,600,000
Rowhomes/Townhomes
Average Sale Price: $544,970 after 62 days
Range: $59,900 – $3,200,000
1 Bedroom, 1 Bathroom Condos
Average Sale Price: $289,354 after 92 days
Range: $32,000 – $570,000
2 Bedroom, 2 Bathroom Condos
Average Sale Price: $568,484 after 74 days
Range: $50,000 – $2,480,000
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