Washington DC Real Estate Market - Dollar volume up 17% YTD, - down 22% from December

In the first month of 2011, city homes sales dollar volume rose 17% compared to January 2010. Volume in January was down 22% compared to December.

According to figures generated by the MRIS, the regional MLS, YTD sales of DC homes through January 2011 are:

* Up over 17% in total dollar volume, to $179 million

* Up over 9% in total units sold, to 382

* Up over 7% in average sold price, to $476.023

* Up over 11% in median sold price, to $379,500

* Up down over 4% in total market time, to 82 days

Comparing January sales to December:

* Homes sold were down 11%, from 433 to 382

* Dollar volume down 22%, from $230 million to $179 million

* Median sales price down 6%, from $407,500 to $379,500

* Average market time was up 6%, from 77 to 82 days