Real estate in the District.

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Market Data

$620,000.

Median Sold Price

17

Median Days On Market

$570.00

Median Price Per SF


Condo | Co-Op Report

The median sold price for Condo & Coop properties in June was $480,000, up 0.8% from May and down 2% from Jun 2018. The average days on market for units sold in June was 39 days, 35% below the 5-year June average of 60 days. There was an 11.9% month over month decrease in new contract activity with 423 New Pendings; a 2.3% MoM decrease in All Pendings (new contracts + contracts carried over from May) to 547; and a 3.2% increase in supply to 767 active units. This activity resulted in a Contract Ratio of 0.71 pendings per active listing, down from 0.75 in May and a decrease from 0.74 in June 2018. The Contract Ratio is 13% lower than the 5-year June average of 0.82.

Detached Homes Report

Median sold price for Detached properties for June was $830,000, up 1.4% from May and down 10.8% from June 2018. The average days on market for units sold in June was 47 days, 35% below the 5- year June average of 72 days. There was a 16% month over month increase in new contract activity with 188 New Pendings; a 4.2% MoM increase in All Pendings (new contracts + contracts carried over from May) to 247; and a 5.8% decrease in supply to 322 active units. This activity resulted in a Contract Ratio of 0.77 pendings per active listing, up from 0.69 in May and a decrease from 0.90 in June 2018. The Contract Ratio is 17% lower than the 5-year June average of 0.93.

Attached Homes Report

Median sold price for Attached properties for June was $586,250, up 0.2% from May and down 2% from June 2018. The average days on market for units sold in June was 37 days, 38% below the 5-year June average of 60 days. There was a 9.6% month over month decrease in new contract activity with 752 New Pendings; a 3.6% MoM decrease in All Pendings (new contracts + contracts carried over from May) to 988; and a 1% increase in supply to 1,217 active units. This activity resulted in a Contract Ratio of 0.81 pendings per active listing, down from 0.85 in May and a decrease from 0.89 in June 2018. The Contract Ratio is 19% lower than the 5-year June average of 0.99.

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.

Tools

The Isaacs Team

Compass

Concierge:  Let Compass foot the upfront costs. They're loaded.

Saving for a new place, but the old one needs sprucing before you sell? No worries. Compass Concierge will cover the upfront costs for your remodel or update until settlement. Your home will show better and sell faster. Really, what's better than using someone else's money to make more of your own?

Coming Soon: "Hidden" Listings made public just for you.

It's true! There's a secret cache of homes for sale in DC. 'Coming Soon,' 'Private exclusive,' and 'off-market placement,' listings are available through agent networks and largely invisible to the public. We like sunlight and transparency. So Compass offers a channel of "hidden" listings you can find. Easy!

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!