MRIS released data on May's sales of existing homes and condos in the District this morning. I won't get a chance to do a full analysis until tonight, but it looks like the market is still challenged.
- Dollar volume is down 17.58%
- Number of units sold fell 22.87%
- Average and median prices are up 6.86% and 5.01%
- Almost 10% of homes and condos sold - 52 - sold for more than $1MM and 7 of those sold for more than $2.5MM.
At a glance, it looks like the number of condos sold fell 27%, but their average price rose 2.68%.
Update [June 12]: Our A/C died Monday night. We've gone from simply replacing the [34 year old] furnace to that, the indoor coils, and the outside condenser. The net effect is we've spent our evenings at the local Days Inn while awaiting the installation of the new equipment so I've been unable to get to the MRIS data as promised. If all goes well, I should be able to get to it tonight.