As you are hearing in the media, the housing market is starting to recover, and DC is way ahead of the national curve.  These stats certainly confirm that – almost every category has increased compared to the same time one year ago.  The only statistic that is lower today than it was last year is average days on the market, which has been cut by more than half from 110 to 51. (The information below is deemed reliable but not guaranteed.)

February 2013 February 2012 % Change
Sold Dollar Volume $2,973,500 $1,428,900 108.10%
Avg Sold Price $247,792 $238,150 4.05%
Median Sold Price $257,000 $229,500 11.98%
Units Sold 12 6 100%
Avg Days on Market 51 110 -53.64%
Avg List Price for Solds $254,117 $239,650 6.04%
Avg Sale Price to Original List Price Ratio 95% 92.90% 2.33%

Courtesy of Jason Martin, a real estate professional & resident of Southwest. He may be contacted by phone at (202) 641-0299 or by e-mail at jason@jasonmartingroup.com.

$2,973,500 $1,428,900 108.10%
$247,792 $238,150 4.05%
$257,000 $229,500 11.98%
                 12                   6 100.00%
                 51               110 -53.64%
$254,117 $239,650 6.04%
95% 92.90% 2.33%

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