What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
DC February Housing Report: Same Old Song
✉️ Want to forward this article? Click here.
In his latest analysis, Keith Gibbons of DCHousingPrices reports that the February MRIS numbers for DC indicate that “we’re back to the same old routine: volume up, prices down.” This is in contrast to December, when Gibbons reported that sales, dollar volume and prices were higher than the same period last year.
Below are two comprehensive charts that look at average sales prices and transaction volume in February followed by a few highlights.
- Housing inventory in DC included a 9.25-month supply of condos and 7.05-month supply for houses in February. This is a notable increase from December when there was a 5.76-month supply of condos and 4.96-month supply of houses.
- Condo prices dropped about 15.5 percent since February 2008, while home prices were actually up 2.77 percent since that time last year.
- Condo sales volume was up 46 percent since February 2008 and homes sales volume was up 27.4 percent.
See other articles related to: dc condo prices, dc home prices, dclofts, housing reports
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dc_february_housing_report_same_old_song/1873.
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