URBAN TURF: Market Watch: The Rough Housing Market of 20032
Ahhh...just saw this article. Not entirely good news but not totally surprising - this real estate market is a doozy. Good news is that you can definetly find a deal in Congress Heights! :)
Go HERE for the full Urban Turf article by Keith Gibbons.
Excerpt:
20032 was barely on the map as a portion of District sales in July: It represented 0.18 percent of total monthly dollar volume for the city. To put the cost of home ownership in perspective compared to the rest of DC, the average home price in July was 78.76 percent less than the overall city average, and the median sales price was 73 percent lower. While properties in 20032 sold for 94.2 percent of their asking price, a 12 percent improvement from 2010, at July’s sales pace there’s a whopping 28-month supply of condos and a 12.25-month supply of houses currently on the market. Things could be picking up for the area, though: 31 homes went under contract/contingent contract in July.
Go HERE for the full Urban Turf article by Keith Gibbons.
Excerpt:
20032 was barely on the map as a portion of District sales in July: It represented 0.18 percent of total monthly dollar volume for the city. To put the cost of home ownership in perspective compared to the rest of DC, the average home price in July was 78.76 percent less than the overall city average, and the median sales price was 73 percent lower. While properties in 20032 sold for 94.2 percent of their asking price, a 12 percent improvement from 2010, at July’s sales pace there’s a whopping 28-month supply of condos and a 12.25-month supply of houses currently on the market. Things could be picking up for the area, though: 31 homes went under contract/contingent contract in July.
To submit an article or to inquire about advertising send an email to Advoc8te@congressheightsontherise.com.