DC August Housing Report: Sales Down, Prices Up
✉️ Want to forward this article? Click here.
The National Association of Realtors recently reported that existing home sales in the DC area were down almost 10 percent in August (compared with August 2009) while sales nationally increased 7.6 percent. Median prices in the metro area were up 5.4% to $345,500 during that time.
Existing home sale statistics include completed transactions for single-family, townhomes, condominiums and co-ops.
NAR chief economist Lawrence Yun on what last month’s national stats means for the housing recovery:
“The housing market is trying to recover on its own power without the home buyer tax credit. Despite very attractive affordability conditions, a housing market recovery will likely be slow and gradual because of lingering economic uncertainty.”
See other articles related to: dc home prices, housing reports
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dc_august_housing_report_sales_down_prices_up/2505.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro