Sunday, September 10, 2006

MRIS August Housing Report: DC Home Prices Flatten

Prompted by a posting on DC's craigslist, which asserted that, excluding condos, MRIS data for existing home sales in August showed that the average price for housing in DC had risen approximately 12% YoY, I put the data through the Excel mixer to see what had really happened.

Excluding condos, the weighted average price of housing in DC rose 0.75% Y0Y .

Less than 1%.

And the transaction volume had fallen 35.6%.

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