Prices in nearby Arlington County and Falls Church City are up from 2009, but how about the District? Let’s take a look at the Washington, D.C. real estate market as a whole for April 2010: days on the market is down nearly 24% from 2009, and median average sale price is just a hair under last year – down 1.6%. Things are selling QUICKLY! Let’s break it down:
Condos & Co-Ops
Inventory: active listings are at the highest inventory level since June 2009!
Over 44% more properties sold in April 2010 than April 2009 (attributing to the lack of inventory the past few months)
Average Sale Price is the highest since 2005: $415,413
Inventory down 25% from 2009
Over 43% more properties sold in April 2010 than April 2009
Average Sale Price is still down: $511,241