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.

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!