Home | Newsletter | Advertise
loading...

Case-Shiller: Home Prices Drop Nationally, But Increase in DC

  • November 29th 2011

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

The latest Case-Shiller report released this morning showed that home prices fell 0.6 percent nationally between August and September 2011, and dropped by about 3.9 percent since September of last year. However, the index reported that home prices in the DC area increased on both a monthly (+1.2%) and annual (+1.0%) basis.

Case-Shiller: Home Prices Drop Nationally, But Increase in DC: Figure 1
Case-Shiller September 2011

Between August 2011 and September 2011, area prices increased in each price tier in DC measured by the index: the low tier (under $293,756), the middle tier (homes between $293,756 and $457,827) and the high tier (above $457,827). The increase in price was most notable in the low-tier price range.

From David M. Blitzer, Chairman of the Index Committee at S&P Indices:

“Detroit and Washington DC posted positive annual rates of change and also saw an improvement in these rates compared to August. Only New York, Portland and Washington DC posted positive monthly returns versus August.”

If you have been getting the feeling from these Case-Shiller reports that home prices in DC have been going in the opposite direction versus the rest of the country for the past year, you’d be right. In eight of the last nine months, DC prices have shown year-over-year increases based on the index.

See other articles related to: case-shiller, dclofts, home prices

This article originally published at https://dc.urbanturf.com/articles/blog/case-shiller_home_prices_drop_nationally_but_increase_in_dc/4664.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse