DC Area Home Prices Up in 2009
The DC area saw an almost 4 percent increase in housing prices from 2008 to 2009, according to a report from the National Association of Realtors (NAR).
According to The Washington Business Journal, the report noted that single-family home sales prices were up $11,100 from an average price of $295,100 at the end of 2008 to $306,200 in 2009. Condo prices actually fell slightly to a median price of $239,000.
More on the report from the WBJ:
In the District, housing sales were up by 56 percent from a year earlier. Existing home sales in Maryland were up by 47.9 percent, while sales in Virginia were up by 12.5 percent from a year ago.
NAR chief economist Lawrence Yun attributed the all-around positive news to the federal tax credit and low interest rates.
This article originally published at https://dc.urbanturf.com/articles/blog/dc_area_home_prices_up_in_2009/1772.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro