- Washington, DC Metro (in various colors)
- 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
September 2020. The Contract Ratio is 28% higher than the 5-year
September average of 0.63. A higher Contract Ratio signifies a
relative increase in contract activity compared to supply, and indicates
the market is moving in the seller's favor. A lower Contract Ratio
signifies a relative decrease in contract activity compared to supply,
and indicates the market is moving in the buyer's favor.
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