The strongest sales in the District were in the Capital East market — which includes Capitol Hill and the H Street corridor.
- Sales: New unit sales volume in the Washington metro area totaled 571 net sales in the Second Quarter of 2012, 36% higher than the quarterly average in 2011.
- Prices: New unit prices increased by 2.2% metro-wide in the 12-month period ending June 2012 in the Washington metro area, the first year-over-year increase in price since 2005. Condo resale prices increased 8.5% since last May.
- Concessions: In the Washington metro area, concessions average 2.6% of asking price as of June, 2012 -- 70 basis points higher than a year ago.
- Inventory: Washington is experiencing low housing inventory in most areas. In Mideast DC — Shaw, Columbia Heights, the 14th Street corridor, Adams Morgan, U Street corridor, Brookland and Eckington neighborhoods — Delta reports there is less than six months of new inventory left to sell.
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