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Latest DC Real Estate Market Data

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October 2018 DC Condo & CoOp Update

[/vc_custom_heading][vc_column_text]Median sold price for Condo & CoOps during the month of October was $465,000. This represents an increase of 9.7% over September and 5.9% from this time last year. There was a 15.8% month over month decrease in new contract activity with 320 New Pending Sales; a 16% MoM decrease in All Pending Sales (new contracts + contracts carried over from September) to 408; and a 7.3% increase in supply to 943 active units.

This activity resulted in a Contract Ratio of 0.43 pendings per active listing, down from 0.55 in September and a decrease from 0.62 in October 2017. The Contract Ratio is 31% lower than the 5-year October average of 0.62. 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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading]

October 2018 DC Detached Single Family Homes Update

[/vc_custom_heading][vc_column_text]The median DC sold price for detached single family homes during the month of October was $826,000. This was an increase of 13.2% compared to September and a decrease of 0.4% from the same time period in 2017. There was a 2.3% month over month increase in new contract activity with 135 New Pendings; a 2.5% MoM increase in All Pendings (new contracts + contracts carried over from September) to 204; and a 17.5% increase in supply to 322 active units.

This activity resulted in a Contract Ratio of 0.63 pendings per active listing, down from 0.73 in September and a decrease from 0.67 in October 2017. The Contract Ratio is 16% lower than the 5-year October average of 0.75. 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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading]

October 2018 DC All Home Types Update

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DC real estate market data[/vc_column_text][/vc_column][/vc_row][vc_row row_height_percent=”0″ overlay_alpha=”50″ gutter_size=”2″ column_width_percent=”100″ shift_y=”0″ z_index=”0″][vc_column width=”1/1″][vc_column_text text_lead=”yes”]*Note: Due to the Bright MLS purchase of MRIS, Days On Market data is not available for this time period. Data shown here is set to update with any corrections made by RBI and Bright MLS.[/vc_column_text][/vc_column][/vc_row][vc_row unlock_row_content=”yes” row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”3″ bottom_padding=”1″ back_color=”color-xsdn” overlay_alpha=”0″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ style=”inherited”][vc_column column_width_percent=”100″ position_vertical=”middle” align_horizontal=”align_center” font_family=”font-762333″ overlay_alpha=”100″ gutter_size=”3″ medium_width=”0″ mobile_width=”0″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ zoom_width=”0″ zoom_height=”0″ width=”1/1″][vc_custom_heading heading_semantic=”h1″ text_size=”fontsize-338686″ text_space=”fontspace-111509″ text_font=”font-762333″ text_color=”color-xsdn”]The Isaacs Team LLC[/vc_custom_heading][/vc_column][/vc_row][vc_row unlock_row_content=”yes” row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”3″ bottom_padding=”1″ back_color=”color-xsdn” overlay_alpha=”0″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″ style=”inherited”][vc_column column_width_percent=”100″ position_vertical=”middle” align_horizontal=”align_center” font_family=”font-762333″ overlay_alpha=”100″ gutter_size=”3″ medium_width=”0″ mobile_width=”0″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ zoom_width=”0″ zoom_height=”0″ width=”1/1″][uncode_block id=”78441″][vc_empty_space empty_h=”3″][/vc_column][/vc_row]