MRIS released March 2008 data on sales of existing homes and condos in the District today. I'm working on a more detailed analysis, but here are the basic metrics and how they compare to March 2007. None of them are pretty:
- Dollar volume: $ 210,508,482. Down 42.62%.
- Units sold: 393. Down 39.82%.
- Average sales price: $ 535,645. Down 4.65%.
- Median sales price: $ 399,500. Down 8.06%.
The number of condos sold fell 40.9% and the number of homes sold declined 43.9%.