[vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading subheading=”Condo and Co-Op sales from $600K to $799,999 dominated closed sales in the DC market in May 2019. There were 84 closed condo and co-op sales in that price range out of a total of 446 closed sales for all home types.”]Condo & Co-Op Activity In Washington DC Dominates in May[/vc_custom_heading][vc_raw_html]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[/vc_raw_html][vc_custom_heading subheading=”Condo and Co-Op sales from $600K to $799,999 dominated closed sales in the DC market in May 2019. There were 84 closed condo and co-op sales in that price range out of a total of 446 closed sales for all home types.”]Attached Homes (Including Condos) Was The Highest Metric[/vc_custom_heading][vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_custom_heading subheading=”The median sold price for Detached properties for May was $818,500, representing an increase of 3.1% compared to last month 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. 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.”]Detached Single Family Homes[/vc_custom_heading][vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_custom_heading subheading=”the median sold price for Attached properties for May was $585,000, representing an increase of 3.1% compared to last month 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.”]Attached Single Family Homes[/vc_custom_heading][vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_custom_heading subheading=”The median sold price for Condo & Coop properties for May was $476,000, representing a decrease of 2.9% compared to last month 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.”]Condos & Co-Op Sales[/vc_custom_heading][vc_raw_html]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[/vc_raw_html][vc_column_text]How did your neighborhood and home type fare?[/vc_column_text][vc_empty_space empty_h=”2″][/vc_column][/vc_row]

error: This content is copyrighted and protected