
Essentially, transaction volume has collapsed, down 41.62% YoY. Every type of housing showed less demand. For the first time in 2006, average and median prices for condos were both lower YoY and sales volume was down 53.39% YoY. More importantly, the median price for all housing in DC was down 1.23% while average prices inched up almost 2%.
In researching August 2005 sales data, it turns out six condo buildings had closed 261 units that month:
- Cityline: 44 units
- 2020 Lofts: 50 units
- 1150 K: 43 units
- Atlas: 54 units
- Cedar Crossing: 25 units
- 355 G SW: 45 units
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