The November election didn’t slow down the real estate market in DC. About 600 properties sold during November, a huge increase over the 447 in 2011. Of those, only 37 were bank owned or short sale properties. Average prices were up 12.9%, days on the market fell to an average of 53, inventory dropped 34%,and sellers were getting an average of 97% of original list price.
Single Family Homes
Average Net Sale Price: $908,193 after 42 days (median: 18)
Median Sale Price: $764,000
Range: $40,000 – $7,000,000
Townhomes/Rowhomes
Average Sale Price: $627,066 after 37 days
Range: $45,300 – $3,250,000
1 Bedroom, 1 Bathroom Condos/Coops
Average Sale Price: $325,660 after 53 days
Range: $73,000 – $560,000
2 Bedroom, 2 Bathroom Condos/Coops
Average Net Sale Price: $565,230 after 44 days
Range: $195,000 – $1,400,000
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