For the 12-month period spanning June 2010 through May 2011, Pending Sales in the Washington D.C. region were down 7.4 percent from the same period a year prior. However, the largest gain occurred in the $1,000,001 and Above range, where they increased 4.0 percent to 2,631 units.
The overall Median Sales Price was up 0.4 percent to $265,000, and most property type segments were consistently steady. However, the Median Sales Price of Condominiums has actually declined by 7.0 percent in the last year. Market-wide, inventory levels were down 9.9 percent. The property type that shed the least inventory was the Single-Family segment, where it decreased 7.2 percent. The price range in which supply grew the most relative to demand was the $200,001 to $300,000 range, where months supply increased 12.5 percent to 6.7 months,
