Dc real estate and condo market activity.



Washington, DC Metro(various colors) Condos & Coops (in yellow) In Bright MLS, the median sold price for Condo & Coop properties for October was $338,750, representing an increase of 2.7% compared to last month and an increase of 5.9% from Oct 2022. The average days on market for units sold in October was 24 days, 21% below the 5-year October average of 30 days. There was a 2% month over month decrease in new contract activity with 2,088 New Pendings; a 0.3% MoM decrease in All Pendings (new contracts + contracts carried over from September) to 2,628; and a 6.6% increase in supply to 4,383 active units.

This activity resulted in a Contract Ratio of 0.60 pendings per active listing, down from 0.64 in September and a decrease from…

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In Bright MLS, the median sold price for Condo & Coop properties for September was $330,000, representing a decrease of 2.9% compared to last month and an increase of 4.8% from Sep 2022. The average days on market for units sold in September was 24 days, 22% below the 5-year September average of 31 days. There was an 8.4% month over month decrease in new contract activity with 2,131 New Pendings; a 5.6% MoM decrease in All Pendings (new contracts + contracts carried over from August) to 2,636; and a 10.6% increase in supply to 4,111 active units.

This activity resulted in a Contract Ratio of 0.64 Pendings per active listing, down from 0.75 in August and a decrease from 0.70 in September 2022. The Contract Ratio is 13% lower than…

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1. Washington, DC Metro (in various colors)
2. Condos & Co-ops (in yellow)

In Bright MLS, the median sold price for Condo & Coop properties for January was $295,000, representing a decrease of 1.7% compared to last month and an increase of 6.1% from Jan 2021. The average days on market for units sold in January was 38 days, 19% below the 5-year January average of 47 days. There was a 16.9% month-over-month increase in new contract activity with 2,773 New Pendings; a 13.6% MoM increase in All Pendings (new contracts + contracts carried over from December) to 3,783; and an 8.3% decrease in supply to 3,041 active units.

This activity resulted in a Contract Ratio of 1.24 pendings per active listing, up from 1.00 in December and an…

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In Bright MLS, the median sold price for Condo & Coop properties for December was $300,000, representing no change compared to last month and an increase of 9.1% from Dec 2020. The average days on market for units sold in December was 33 days, 24% below the 5-year December average of 43 days. There was an 18.3% month-over-month decrease in new contract activity with 2,373 New Pendings; a21.2% MoM decrease in All Pendings (new contracts + contracts carried over from November) to 3,329; and a 25.1% decrease in supply to 3,317 active units.

This activity resulted in a Contract Ratio of 1.00 pendings per active listing, up from 0.95 in November and an increase from 0.79 in December 2020. The Contract Ratio is 57% higher than the 5-yearDecember average of…

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1. Washington, DC Metro (in various colors)
2. Condos & Co-ops (in yellow)

The median sold price for Condo & Coop properties for November was $300,000, representing an increase of 3.4% compared to last month and an increase of 5.8% from Nov 2020. The average days on market for units sold in November was 30 days, 24% below the 5-year November average of 39 days. There was a 17.1% month over month decrease in new contract activity with 2,906 New Pendings; a 10.8% MoM decrease in All Pendings (new contracts + contracts carried over from October) to 4,223; and a 15.8% decrease in supply to 4,431 active units. This activity resulted in a Contract Ratio of 0.95 pendings per active listing, up from 0.90 in October and an increase from…

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1. Washington, DC Metro (in various colors)
2. Condos & Co-ops (in yellow)

The median sold price for Condo & Coop properties for
October was $290,000, representing a decrease of 1.7% compared
to last month and an increase of 1.8% from Oct 2020. The average
days on market for units sold in October was 29 days, 25% below the
5-year October average of 38 days. There was a 7.5% month over
month increase in new contract activity with 3,505 New Pendings; a
2.7% MoM increase in All Pendings (new contracts + contracts carried
over from September) to 4,736; and a 7.2% decrease in supply to
5,262 active units.


This activity resulted in a Contract Ratio of 0.90 pendings per active
listing, up from 0.81 in September and an increase from 0.79 in
…

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  1. Washington, DC Metro (in various colors)
  2. Condos & Co-ops (in yellow)

The median sold price for Condo & Coop properties for
September was $295,000, representing a decrease of 1.6%
compared to last month and an increase of 0.2% from Sep 2020. The
average days on market for units sold in September was 28 days,
32% below the 5-year September average of 41 days. There was a
7.6% month over month decrease in new contract activity with 3,260
New Pendings; a 5.8% MoM decrease in All Pendings (new contracts
+ contracts carried over from August) to 4,610; and a 9% increase in
supply to 5,669 active units.

This activity resulted in a Contract Ratio of 0.81 pendings per active
listing, down from 0.94 in August and a decrease from 0.88 in
…

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Washington, DC Metro (in various colors)

Condos & Co-ops (in yellow)
In Washington D.C., the median sold price for Condo & Coop properties for August was $504,950, representing an increase of 5.2% compared to last month and a decrease of 3.8% from Aug 2020. The average days on market for units sold in August was 35 days, 11% above the 5-year August average of 32 days. There was an 8.7% month over month decrease in new contract activity with 390 New Pendings; a 12.2% MoM decrease in All Pendings (new contracts + contracts carried over from July) to 506; and a 4.7% decrease in supply to 1,037 active units.

This activity resulted in a Contract Ratio of 0.49 pendings per active listing, down from 0.53 in July and a decrease…

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