The Washington Business Journal is reporting that counties and jurisdictions across the D.C. region posted strong sales numbers in November, the last possible time that buyers could utilize the old first-time homebuyer credit.
In Arlington County, the November median sales price jumped to $466,500 from $445,000 in the same period last year. In Fairfax County, the median home price in November was $350,000, a 9.38 percent jump from last year, WBJ reported. They took their numbers from the Metropolitan Regional Information Systems, which has D.C. numbers as well (and they are available to the public, not just people with real estate licenses and/or bylines).
Anyway, here are the November stats for the District. The first number is 2009, the second is 2008, and the last represents the percent change:
Total Volume: $ 293,218,155; $159,830,783; 83.46 %
Average Sold Price: $ 472,933; $ 510,641; -7.38 %
Median Sold Price: $ 364,000; $389,000; -6.43 %
Total Units Sold: 620; 313; 98.08 %
Average Days on Market: 72; 75; -4.00 %
Average List Price for Solds: $ 510,529; $ 553,601; -7.78 %
As you can see, the total number of units sold in Washington increased dramatically—-the median sold price, on the other hand, went down—-But that makes complete sense considering that last year homes in certain affluent D.C. areas were consistently selling well, and other neighborhoods were hit-or-miss.