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
Forest Hills Connection is reporting that the owner of the Days Inn along Connecticut... read »
The 67-room luxury hotel will be located at 3000 M Street NW, the site of the old Lat... read »
On Monday, the listing price for the 30,000 square foot home that was originally buil... read »
The eight-bedroom estate built by Banks Development along Chain Bridge Road will be l... read »
DC's Historic Preservation Review Board looks poised to approve changes for one of th... read »
- A Plan For More Development In Van Ness?
- Jose Andres Group Partners On New Georgetown Hotel
- The Price For Dan Snyder's Former Potomac Home Drops By $5 Million
- DC Home At Site Of Former Cafritz Mansion Set To List For $23.5 Million
- HPO Recommends Approval For Changes To 280-Unit Building At DC's Reservoir District
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