Trulia: Asking Prices in 2012 Up 6.4 Percent
Courtesty of Trulia Trends.
Data released Thursday by Trulia revealed that asking prices for homes across the country rose significantly in 2012, marking a huge turnaround in the housing market. Specifically, 82 out of 100 metros recorded price increases in 2012, compared to just 12 markets in 2011.
Trulia’s latest Price and Rent Monitors revealed that asking prices rose by 6.4 percent in the DC area between December 2011 and December 2012, and increased 5.1 percent nationwide. The nationwide gains are in stark contrast to December 2011 when asking prices recorded a 4.3 percent year-over-year decline.
“Prices ended 2012 with accelerating gains: the fourth quarter was the strongest of the year, seasonally adjusted,” said Jed Kolko, Trulia’s Chief Economist. “The quarter-over-quarter price change in December (which covers Q4) was +2.3% — compared with +1.4% in Q3, +0.4% in Q2, and +0.8% in Q1.
While home prices in the DC region are rising notably, rent increases, which have been the story of the past 18-24 months, are not keeping pace. In DC, asking rents were up 3.2 percent year-over-year, up slightly from a 2.6 percent increase in November. Nationwide, rents increased 5.2 percent annually.
For more stats and analysis, click here.
A full explanation of Trulia’s methodology can be found here, but in short, the Price and Rent Monitors compare current asking prices and asking rents year-over-year and quarter-over-quarter, adjusting for seasonal swings.
See other articles related to: trulia trends
This article originally published at https://dc.urbanturf.com/articles/blog/trulia_asking_prices_in_2012_up_6_4_percent/6472.
Most Popular... This Week • Last 30 Days • Ever
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Plans for the development at a prominent DC intersection began nearly eight years ago... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
- First-Timer Primer: DC's Home Buyer Assistance Programs
- What Are the Annual Maintenance Costs When You Own a Home?
- 388-Unit Development At Site of North Capitol Street Exxon Nears Completion
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
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