Prices in DC were up an average of 4.5% in August over August 2011. A total of 633 properties sold, of which 45 were either short sales or foreclosures. Properties sold for an average of 96.8% of original list price and inventory was down 35% from last year.
Single Family Homes
Average Sale Price: $898,087 after 74 days
Range: $50,000 – $5,725,000
Rowhomes/Townhomes
Average Sale Price: $576,101 after 43 days
Range: $55,000 – $4,400,000
1 Bedroom, 1 Bathroom
Average Sale Price: $327,494 after 69 days
Range: $26,000 – $540,000
2 Bedroom, 2 Bathroom
Average Sale Price: $565,046 after 53 days
Range: $65,000 – $1,330,000
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