The Market Wrap-Up For July

Let’s take at look at the numbers for single-family homes and condos that sold between $100,000 and $5,000,000 in July in metro Washington, DC and see how they compare to a year ago.

Washington, DC

  • 648 homes sold, up from 506 in July 2008
  • The median sales price was $386,000, down from $422,180 in July 2008
  • On average, homes sold at 92.95% of the list price, in July 2008 it was 92.85%

Fairfax County, Fairfax City, Arlington County, Alexandria City & Falls Church City, VA

  • 2,053 homes sold, up from 1,857 in July 2008
  • The median sales price was $410,000, up from $399,000 in July 2008
  • On average, homes sold at 94.49% of the list price, in July 2008 it was 92.60%

Montgomery County

  • 1,130 homes sold, up from 867 in July 2008
  • The median sales price was $375,000, down from $408,000 in July 2008
  • On average, homes sold at 92.45% of the list price, in July 2008 it was 91.60%

Prince George’s County

  • 720 homes sold, up from 409 in July 2008
  • The median sales price was $215,000, down from $283,000 in July 2008
  • On average, homes sold at 87.33% of the list price, in July 2008 it was 90.04%

Greater Baltimore: Anne Arundel, Baltimore City & County, Carroll, Harford, Howard

  • 2,240 homes sold, up from 2,038 in July 2008
  • The median sales price was $259,950, down from $278,000 in July 2008
  • On average, homes sold at 90.86% of the list price, in July 2008 it was 91.92%

We pulled the numbers in this post from MRIS.

Dig Deeper Into the Trends

These numbers county-level trends. To see what’s happening in your neighborhood, check out our stats & trends pages.

What Other People Said

Keith’s posts at DC Home and Condo Prices are always insightful and a great place for people looking for data-rich analyses of the market. Check out his July housing report.

DCMetrocentric is excited about the latest report from the National Association or Realtors.

This is our first monthly report on the inventory trends in the DC area. What numbers would you like to see in our August wrap-up?

  • http://www.brandongreenandassociates.com/ Brandon Green

    Good to see that real estate sales are up in all of the markets you included.