Rarely in a real estate market can you say that it’s a great time to buy and simultaneously a great time to sell but this is the case right now. With interest rates still low it’s tough not to make a case for buying. At the same time, inventory remains low so it’s also a good time to sell. This will be a very interesting year in the local real estate market as DC continues to outshine most of the country. (The information below is deemed reliable but not guaranteed.)
| December 2012 | December 2011 | % Change | |
| Sold Dollar Volume | $3,770,000 | $4,956,950 | -23.95% |
| Avg Sold Price | $314,167 | $309,809 | 1.41% |
| Median Sold Price | $331,000 | $364,000 | -9.07% |
| Units Sold | 12 | 16 | -25.00% |
| Avg Days on Market | 43 | 45 | -4.44% |
| Avg List Price for Solds | $319,342 | $322,972 | -1.12% |
| Avg Sale Price to Original List Price Ratio | 97% | 93.30% | 4.10% |
–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.