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DC Home and Condo Prices April 2009 Housing Report

  • May 20th 2009

by Mark Wellborn

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Our go-to guy for local real estate sales analysis Keith Gibbons recently compiled his monthly report for DC property sales in April 2009. Here are some highlights:

DC Home and Condo Prices April 2009 Housing Report: Figure 1
Courtesy of DC Home and Condo Prices

  • 17 percent more homes sold in the District versus one year ago, but this change was likely because prices are now much lower, down approximately 21 percent.
  • Compared to April 2008, condo sales were up 7.8 percent, dollar volume increased 16.7 percent and the average price for a condo rose 8 percent to $453K. Gibbons notes that the increase in dollar volume and average price was probably due to nine condos that sold for more than $1M.

For more of Keith’s insights, click here.

See other articles related to: dclofts

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dc_home_and_condo_prices_april_2009_housing_report/931.

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