My Real Estate Blog

July 15th, 2010 8:12 AM
June sales are down, but year-to-date volume and units are up. The pull-forward phenomenon from the federal homebuyer tax credits continued to have ripple effects on the market in June. As we expected, the solid spring performance has impacted our May and June numbers.

Still, as you absorb this data, note that this year's numbers continue to outpace 2009. Year-to-date, 2010 is up 5% in sales volume in dollars and up 3% in number of homes sold. With historically-low mortgage rates and ideal affordability conditions, it's likely that the final six months of the year will present additional opportunities to drive our year-to-date performance.

Pricing continues to trend in a positive direction across Metro DC area as well. Up 9% compared to June of last year, the average sale price is now more than $363,000.

Posted by Jim McCowan on July 15th, 2010 8:12 AMPost a Comment (0)
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