I've begun analyzing the District's sales data for July 2009. If all goes well, I should complete the analysis by week's end. Below is a table showing sales by District neighborhood. As usual, Old City I and Old City II dominate sales.

District sales data for July 2009 has been uploaded to DCHomePrices.com and DCCondoPrices.com. Analysis forthcoming.
Using MRIS's 2009 data published to date [August], I thought it'd be interesting to see the sales trends for sales of existing homes and condos in the District.
Price Trend
Generally, prices are flat to slightly negative for the year. Compared to January, August's aggregate sales prices are 5.86% lower. Condos are down 6.33% and home prices are essentially flat, down 0.7%.
Price Change
Except for three months when condo prices spiked, YoY prices are in negative territory compared to 2008.
Sales Volume
What's particularly quite striking is the significant increase in sales volume as the year progressed, which I'm sure results in no small part from the Fed's efforts to create market liquidity through its purchase of $1.45T in mortgages. Despite the surge in sales, though, prices continue to slide.
MRIS released its data for August signed sales contracts for existing home and condos in the District last Thursday. As in its July report, sales and dollar volume are up and prices are lower than the same period last year. However, August's data were slightly weaker than July's. Where it was positive, it was not as positive.
Key points in August's data:
Detailed Data
Average Sales Price
Dollar Volume
Transaction Volume
Hello, how are you? Long time, no data! Ever since I returned from Australia last December, I keep falling into the trap of having to process three month's worth of data at a time. It's a killer. Anyway, I've finished processing, geocoding, and uploading sales data for March through June 2009. I don't plan to perform an analysis of March - May's sales data, but I will soon post sales listings for purchase, yours for the incredible price of $0.99!
The table below shows June 2009 average and median sales prices and unit volume by zip code and the percentage change from June 2008.
There are still a lot of foreclosures working through the system. I counted 47 probable foreclosures in the data.
State of the Market
In June the District recorded 710 residential sales. Overall, prices were down, sales volume was up. District-wide, average sales price fell 11.67% and the median sales price fell 3.65%. The condo market suffered a 1.21% drop in unit sales and dollar volume declined 6.77%. The number of homes sold grew a robust 25.08% and dollar volume was similarly positive, up 2.11%. However, average and median sales prices for homes fell, down 18.37% and down 8.97%, respectively.
All Wards saw declines in average prices and only two (Wards 1 and 3) had positive median price growth.
Condo sales ruled Wards 1 and 2, constituting 71.3% and 76.72% of units sold, respectively.
Distribution of Sales
The chart below shows the distribution of June's recorded sales by sales price.
Detailed Data
Sales by Neighborhood
Category by Zip Code
Category by Ward
Disclaimer:
MRIS released August's data for sales of existing homes in the District yesterday. As in my District sales data, it shows that prices are falling, but volume is up. Unclear how much of that is driven by foreclosures. Key points [YoY]:
Sales prices were 92.49% of list. At August's sales rate, there is a 4.9 month supply of condos and 5.54 month supply of homes listed for sale, which would normally be an indicator of a tight market.
Analysis forthcoming.
OK, I've started analyzing the sales data I just finished processing. The table below shows District prices and sales volume for June 2009, by neighborhood. Old City I and II had the lion's share of the month's transactions.
As you can see below, compared to June 2008, 73 more homes/condos sold in June 2009, but average/median prices fell and total dollar volume fell, too.
On another note, as you can see [waaaay down at the bottom right of this page] I've started investigating what I can do with this site and the "Facebooks". I've even started a Group, DCHousingPrices.com. Given that the NY Times is reporting people are leaving Facebook, maybe I've missed the boat on this one. Should I check out MySpace?
Sales data through June 30, 2009 has been uploaded to DCHomePrices.com and DCCondoPrices.com. Analysis forthcoming.
I gotta quit falling behind - this is killing me. It would be easier if the District quit misspelling its own street names, too. Repeat after me: Sedgwick, not Sedgewick. Runnymede, not Runnymeade.