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December 3, 2008
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  CONDITIONS™
By Local Real Estate Experts  

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > District of Columbia > DC Metro Area


Market Conditions Summary for DC Metro Area, District of Columbia


Reported by

Barb Northam
as of 12/1/2008:
The average Sold Price is $548K, a 12% INCREASE over last year this time(and an increase from last month). Sellers are receiving a paltry 93% of asking price, and homes are on the market an average of 72 days(fewer than some other area markets). The... MORE->
About Barb Northam

Reported by

Deneen Davis-with Weichert Realtors- Great Falls VA / MD
as of 8/1/2008:
On Wednesday President Bush signed into law the newest housing bills. What does this mean for the average homebuyer or seller, and what does this do to bolster the housing market? 1. It provides a homebuyer tax credit for first-time home... MORE->
About Deneen Davis-with Weichert Realtors- Great Falls VA / MD


Average Current Market Rating: 2    (2 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 3.5    (2 ratings)




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Falling

Rising

Navigate: Top > District of Columbia > DC Metro Area


Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 5.97%
15 Year Fixed: 5.74%
1 Year Adj: 5.18%
(U.S. Weekly Averages)

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