What February 2011 Real Estate Statistics Mean for Home Owners in Washington D.C.
| Washington DC | Feb-2011 | Feb-2010 | % Change |
|---|---|---|---|
| Avg Sold Price | $465,272 | $444,601 | 4.65% |
| Median Sold Price | $360,000 | $335,000 | 7.46% |
| Units Sold | 369 | 369 | 0.00% |
| Avg Days on Market | 92 | 80 | 15.00% |
| Avg Sold Price to List Price | 92.4% | 94.0% | -1.73% |
| Active Listings | 2,198 | 2,349 | -6.43% |
| New Listings | 700 | 719 | -2.64% |
| New Pendings | 555 | 454 | 22.25% |
What do these numbers mean for Washington D.C. homeowners who want to sell their home fast? You can see it is taking longer to sell a home in the District of Columbia. Sellers in general are getting a lower sold price, percentage wise, compared to their original listing price. But the good news is, the average sold price increased over the last 12 months. While it is difficult to draw conclusions from one month of data the numbers signify a fairly healthy real estate market in Washington D.C.
In January, 2011 there were 390 homes sold. This signifies a 5.6 month supply of houses which falls squarely into a typical healthy market of 5-6 months.
If you want to sell your Washington D.C. home fast, the real estate experts at Express Homebuyers can help.
Crucial Questions
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- Do they have proof of $$ in the bank that shows they are making an honest offer?
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- Do they have a physical office and staff to help you through the entire process, or are they just working out of their car?