MRIS released its report for December 2008 sales of existing homes and condos in the District. I'll do a more thorough analysis shortly, but the news is pretty bad. Compared to December 2007:
- Dollar volume is down 27.88%
- Average sales price is down 18.76%
- Total number of units sold is down 11.23%
- Condo prices are down 12.94%
- Number of condos sold is down 14.28%
- Number of homes sold is down 8.47%
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