The Greater Capital Association of REALTORS has just released the housing statistics ending in December 2007.*
In the District of Columbia, the average price of a single family home in 2007 was $687,459 up from $529,000, The total number of houses sold was 3,439 down from 3,946 in 2006 (down 12.8%).
Meanwhile the condo and coop market saw an increase in sales in 2007. In 2007, 3,852 condos and coops sold compared to 3,648 units sold in 2006. (up 5.6 %).
The average price for condos/coops in the District was $405,271 in 2007 compared to $406,501 in 2006.
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Search the MLS for the DC region: http://search.myDCagent.com
Steve Dean
RE/MAX Allegiance
220 7th Street SE
Washington, DC 20003
202-547-5600
www.myDCagent.com
Equal Housing Opportunity
All information deemed correct, but not guaranteed
Each RE/MAX office is independently owned & operated.
*GCAAR statistics are online at www.gcaar.com/statistics
Steve Dean is a Washington, DC REALTOR licensed in the District of Columbia and Maryland. A Washington, DC native, Steve grew up in Northern Virginia and has lived in the District since 1995.
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