Sold dollar volume is way down (-51%) as well as units sold (-45%). This is not a sign of a declining market but rather the opposite: we currently have an inventory crisis in SW and all of DC. This is why the sold dollar volume is so low compared to this time a year ago. With rates remaining low, buyer demand is high. I expect this trend to continue as long as inventory remains low. (The information below is deemed reliable but not guaranteed.)
| January 2013 | January 2012 | % Change | |
| Sold Dollar Volume | $1,918,500 | $3,937,000 | -51.27% |
| Avg Sold Price | $319,750 | $357,909 | -10.66% |
| Median Sold Price | $319,500 | $307,000 | 4.07% |
| Units Sold | 6 | 11 | -45.45% |
| Avg Days on Market | 84 | 82 | 2.44% |
| Avg List Price for Solds | $336,633 | $375,127 | -10.26% |
| Avg Sale Price to Original List Price Ratio | 92% | 89.70% | 2.91% |
–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.