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
UrbanTurf is re-publishing an article with updated links that is a step-by-step way t... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
Development along the Maryland side of the Rhode Island Avenue corridor continues to ... read »
Maybe it was falling interest rates or perhaps more homes hitting the market, but buy... read »
The big residential plans in the works for the hotel site are changing a bit as the r... read »
- How to Obtain a Basic Business License For Your DC Rental
- From One Home to 9 Apartments Along Brookland's Main Drag
- The 3,000 Units in the Works From Route 1 to Hyattsville
- September Surge? Home Sales Pick Up In DC Area, But It May Not Last
- 630 to 570 Units: A Slight Change Of Plans For Arlington's Americana Hotel Development
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