What February 2011 Real Estate Statistics Mean for Home Owners in Washington D.C.
Over 4,000 homeowners have trusted US to buy their home.
| 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
Make sure you're dealing with a reputable company that keeps their word, so you don't end up in a lose-lose situation.
If somone cannot answer yes to all of these questions, how can you trust them to do what they say?
Work with Express Homebuyers and you'll have both Peace of Mind and Cash In Your Pockets.
- Do they have proof of $$ in the bank that shows they are making an honest offer?
- Do they have an A+ rating by the Better Business Bureau?
- Do they have video testimonials from actual customers that they can show you?
- Will they provide up to a $20,000 cash advance to help with expenses when moving?
- Do they have a physical office and staff to help you through the entire process, or are they just working out of their car?