October came and went quickly. The Washington DC Real Estate market continues to be strong and show improvement, especially when compared to last year’s recessions terrifying beginning.

Inventory activity in Washington DC Real Estate regardless of type is as follows:

985 new properties were listed
758 properties went under contract
684 properties were adjusted for price
450 listings expired
94 were placed back on the market

When you compare this to the month to month activity you can see how October is the year’s best in terms of Under Contract. What does that mean? THINGS ARE SELLING!!! Now with the extension of the tax credit, Washington DC Real Estate continues to rebound ahead of other like markets.

In terms of some more specific information, I have attached some graphs for your perusal.

Single Family Housing Report for Washington DC breaks down like this:

DC Sales Trend

DC Inventory Trend

DC Average and Median Sales Price

DC Market by Price Range

Condos and Coops Report for Washington DC, also shows tremendous momentum. The breakdown can be seen like this:

DC Condo and Coop Inventory
Sales Trend

DC Condo and Coop Median Sales Price
Market by price range

Anyway, all and all it was a great month for the DC Real Estate market and the home buyers and sellers taking advantage what is turning out to be a revitalized marketplace. I for one am thrilled by what I am seeing because I am a believer that the worst of last year is behind us and that savvy buyers and sellers who are willing to be well informed can have the kind of results they require in a transaction.

Remember! Be aware, have the right information, and ask questions!!!! Only then will you have the confidence to make the right decisions when you are placed in a position to do so. So, as you go out this weekend looking for that tremendous buy – take a print out of this blog with you. Because having it close might just make the difference.