A median sales price increase of 3.76% in December 2011, lead to another strong month in DC. A total of 512 properties sold, only 10.9% was either short sales or foreclosures. Properties were averaging 76 days on the market, down 3 from 2010, and average sale price was 93.8% of the original list price.
Single Family Homes
Average Sale Price: $785,215 after 27 days
Range: $81,754 – $7,700,000
Townhomes/Rowhomes
Average Sale Price: $535,055 after 67 days
Range: $48,000 – $4,150,000
1 Bedroom, 1 Bathroom Condos/Coops
Average Sale Price: $293,496 after 87 days
Range: $28,000 – $546,000
2 Bedroom, 2 Bathroom Condos/Coops
Average Sale Price: $572,105 after 76 days
Range: $36,000 – $1,415,000