Monday, January 12, 2009

MRIS Report for December 2008

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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