Logan Circle DC June Market Report

Real Estate Agent with Coldwell Banker Residential Brokerage Districtre.com

Logan Circle DC June Market Report

Logan Circle DC real estate market report June 2012

Newport Tower Condos, Logan Circle DC

Logan Circle Dc June Market Report:

High Activity and the End of the Logan/Thomas Circle Buyer's Market?

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There was good news for buyers in the 20005 zip code during June 2012:


Median sold price for Condo & Coop properties was $415,746, that's down 13.3% from May and a decrease of 0.5% from June 2011.


Buyers took advantage of aggressive pricing. Average days on market for units sold in June was 25 days, 61% below the 5-year June average of 65 days.  And there was a 33.3% month-over-month increase in new contract activity.


The resulting Contract Ratio was 54% higher than the 5-year June average of 0.56. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving from a buyer's to a seller's market.

More on Logan Circle DC June Market Report

Here are the numbers from RBI (Real Estate Business Intelligence):

20005 Logan Cir/Thomas Circle, DC





Total Sold Dollar Volume




Closed Sales




Median Sold Price




Avg Sold Price




Avg Days on Market

24 days



Avg Sold to Orig List Ratio





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The Isaacs Team LLC Coldwell Banker Dupont DC

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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Susan, Newport Tower Condo's are in a great location. Nice market report.

Jul 15, 2012 05:49 AM #1
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY

This is a great resource for any buyers or sellers looking at the homes for sale in Logan Circle, DC market.

Jul 15, 2012 07:12 AM #2
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