Thursday, March 15, 2012

DC Zip 20002 Housing Stats: February 2012

February 2012 housing market statistics for DC zip code 20002, which includes Capitol Hill North and the developing H Street corridor, show higher sale prices and shorter days-on-market. The average property is now selling at 95.57% of original list price, an increase of 2% over February 2011.

  • Median Sold Price: increased 8.22% over February 2011
  • Average Sold Price: jumped almost 16%
  • Inventory: dropped 39.38% over last year
  • Days-on-Market: dropped 16.07%

Generally, when housing inventory declines buyers must compete for fewer available properties leading to an increase in prices and shorter days on market.  Clearly, homes in 20002 are now selling much faster over February 2011.

Statistic Values Year Over Year Month Over Month
Total Sold Dollar Volume $17,077,554 +1.12% -5.65%
Closed Sales 41 -12.77% -14.58%
Median Sold Price $395,000 +8.22% 28.46%
Avg Sold Price $416,526 +15.92% 10.46%
Avg Days on Market 47 days -16.07% -33.80%
Avg Sold to Orig List Ratio 95.57% 2% -1.02%

The detailed report for zip 20002 shows the highest sales activity for three-bedroom townhouses.  In February 2012 there were 28 sales of 3BR attached homes between $100,000 and $799,900.

Monthly housing market statistics for every zip code in the Washington metro area can be searched at RealEstate Business Intelligence (RBI) -- the research component of local multiple listing service MRIS.  Just enter your zip code and search.

Of course, I'm always available for your questions and happy to consult with you should the need arise.  Feel free to contact me for more information on our local real estate market, and on buying or selling a home.

Ben Dursch, GRI
mobile: 202-288-4334
Twitter: @BenDursch

1 comment:

  1. It's nice to see some commentary and analysis of the data rather than a simple parroting of numbers. Very nice!