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Market Data

$600,555.

Median Sold Price

16

Median Days On Market

$493.00

Median Price Per SF


Condo | Co-Op Report

The median sold price for Condo & Coops in May was $476,000, a decrease of 2.9% from April and a decrease of 0.8% from May 2018. The average days on market for units sold in May was 38 days, 35% below the 5-year May average of 58 days. There was a 4.8% month over month decrease in new contract activity with 480 New Pendings; a 0.9% MoM decrease in All Pendings (new contracts + contracts carried over from April) to 560; and a 16.1% increase in supply to 743 active units. This activity resulted in a Contract Ratio of 0.75 pendings per active listing, down from 0.88 in April and an increase from 0.68 in May 2018. The Contract Ratio is 12% lower than the 5-year May average of 0.85.

Detached Homes Report

Median sold price for Detached homes in May was $818,500, an increase of 3.1% from April and a decrease of 5.6% from May 2018. The average days on market for units sold in May was 56 days, 29% below the 5- year May average of 79 days. There was a 5.8% month over month decrease in new contract activity with 162 New Pendings; a 4.4% MoM increase in All Pendings (new contracts + contracts carried over from April) to 237; and a 13.2% increase in supply to 342 active units. This activity resulted in a Contract Ratio of 0.69 pendings per active listing, down from 0.75 in April and a decrease from 0.98 in May 2018. The Contract Ratio is 31% lower than the 5-year May average of 1.00.

Attached Homes Report

Median sold price for Attached homes in May was $585,000, an increase of 3.1% from April and an increase of 2.7% from May 2018. The average days on market for units sold in May was 36 days, 37% below the 5- year May average of 57 days. There was an 8.5% month over month decrease in new contract activity with 832 New Pendings; a 4.1% MoM decrease in All Pendings (new contracts + contracts carried over from April) to 1,025; and a 15.5% increase in supply to 1,205 active units. This activity resulted in a Contract Ratio of 0.85 pendings per active listing, down from 1.02 in April and a decrease from 0.88 in May 2018. The Contract Ratio is 18% lower than the 5-year May average of 1.04.

MORE DATA

A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller’s favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer’s favor.

Knowledge Library

The Isaacs Team

Compass

Concierge:  Like having a real estate butler with spare cash.

Saving for a new place, but the old one needs sprucing up? No worries. Compass Concierge can tailor an updating & staging plan for your home and cover the upfront costs until settlement. Your home will show better and sell faster at a higher price. Really, what's better than using someone else's money to make more of your own?

Coming Soon: Listings you don't have to be an agent to find.

Yes, there's a secret cache of homes for sale in the District. These 'private exclusives,' 'pocket listings,” or 'off-market placements,” are available through agent networks and usually invisible to buyers. We like sunlight and transparency. So at Compass, we offer a channel of private exclusive listings you can actually see and tour!

Collections:  It's Pinterest for real estate buyers. And then some.

Can't face ugly pages of random listings? There's a better way to search for homes. Compass Collections helps you organize, collaborate, share & discuss listings grouped the way you want them. Get automated price and status updates in real time. Invite others to join in. Celebrate the end of boring real estate listings!