- Volume: down 32.9% (332 units in 2006, 495 in 2005)
- Average price: down 12.74% ($391.6K vice $448.7K)
MRIS doesn't break out median prices by type of housing unit, but "eyeballing" the report shows that the median August sales price for condos was approximately $350K. The report also shows that the aggregrate transaction volume (all types of housing units) declined 34.4%.
Note: MRIS reports only sales of existing units. It'll be interesting to see what the data show once DC posts all August sales records next month. I suspect that, as in the past, including the sale of new units will improve the aggregate average price, if not the median.
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