|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%|
|Avg Days on Market||92||80||15.00%|
|Avg Sold Price to List Price||92.4%||94.0%||-1.73%|
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.