Tuesday, February 13, 2007

2006 in Review

Now that 2006 is in the record books, I thought it'd be helpful to look back to see what happened. Highlights:

  • The district recorded slightly less than 9,000 homes and condos sales in 2006.
  • As was demonstrated each month, condos comprised about 50% of all recorded sales for the year.
  • The highest number of sales for each type of housing were recorded in May or June.
  • Average and median prices for condos peaked in May 2006; no discernible pattern is apparent for the other housing categories.

In terms of the 'hottest' areas for sales (zip codes):

  • Condos: 20001, 20005, and 20009
  • Rowhouses: 20002, 20011, and 20001
  • Detached homes: 20015, 20016, and 20018
  • Semi-detached homes: 20011, 20017, and 20019
  • Multi-family homes: 20002, 20009, and 20003

All 2006 recorded sales can be viewed at DCHomePrices.com and DCCondoPrices.com.

Detailed Sales Information

Change in average sales prices [January - December 2006]:

  • Condos: .554%
  • Rowhouses: 1.877%
  • Detached homes: 4.685%
  • Semi-detached homes: -14.85%
  • Multi-family: -4.492%

Change in median sales prices [January - December 2006]:

  • Condos: .817%
  • Rowhouses: 1.371%
  • Detached homes: -11.869%
  • Semi-detached homes: -1.821%
  • Multi-family: 3.359%

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