Friday, October 10, 2008

MRIS September 2008 Sales Report: Preliminary data

MRIS released data for September 2008 sales in the District this morning. At a glance, it looks like average sales prices are down for all housing types except condos, but the ten condos that sold for $1M or more may have skewed the average. Even high end homes took it on the chin.

Key data points YoY:

  • Dollar volume: down 4.52%
  • Number of units [all categories] sold: down 0.24%
  • Number of condos sold: down 12.6%
  • Number of homes sold: up 14.36%

Analysis forthcoming.

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