Prices during January averaged 10% higher than January 2013 in DC. Days on the market averaged 53, which is down from 65. However, 30% actually sold in under 10 days. A total of 462 properties sold during January, sellers averaged 97.1% of asking price and inventory rebounded to 5.4% more than last year.
Single Family Homes
Average Sale Price: $710,059 in 41 days
Range: $30,000 – $2,875,000
Rowhomes/Townhomes
Average Sale Price: $659,524 in 44 days
Range: $70,000 – $4,200,000
1 Bedroom 1 Bathroom Condos/Coops
Average Sale Price: $335,951 in 53 days
Range: $104,000 – $785,000
2 Bedroom, 2 Bathroom Condos/Coops
Average Sale Price: $667,897 in 54 days
Range: $231,000 – $1,796,000
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