Tuesday, November 10, 2009

MRIS October 2009 Sales Report: Preliminary data

MRIS released October's data for sales of existing homes in the District today. Prices continue to fall while more units are sold. Key points [YoY]:

  • Dollar volume up 17.02%
  • Average price is down 16.76%, median is down 3.66%
  • Unit sales volume [aggregate] is up 40.58%
  • Home unit sales up 45.88%
  • Condo unit sales up 33.87%

Sales prices were 93.36% of list. At October's sales pace, there is a 6.11 month supply of condos [an increase from September] and 5.27 month supply of homes listed for sale [less than September].

Analysis forthcoming.

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