We know D.C. Get our free newsletter to stay in the know.

This via the Washington Business Journal:

“The quarterly report says the average price of a single-family home in the Washington area was $332,700 in the third quarter, down 24 percent from the average price of $438,000 in the third quarter of 2007. Washington-area condo prices averaged $263,000, down 11.2 percent from a year ago.”