What's Hot: The 4 Big Developments Planned Around DC's Starburst Intersection | The DC Neighborhood Where the Few Homes That Sell Move Quickly
Case-Shiller: Home Prices Up in DC, Down in Rest of Country
The latest Case-Shiller report released this morning showed that seasonally-adjusted home prices (prices that factor in the typically slower home selling/buying activity of winter months) increased about 1.6 percent in the DC area between February and March 2012. The index reported that national home prices increased ever so slightly on a monthly basis (0.1%) for the 20-city index, but fell year-over-year.

Seasonally-adjusted and non-seasonally adjusted home prices, by city.
Between February and March, home prices in DC increased in the low tier (under $293,756), middle tier (homes between $293,756 and $457,827) and high tier (above $457,827).
David M. Blitzer, Chairman of the Index Committee at S&P Indices, on the numbers from March’s report:
“While there has been improvement in some regions, housing prices have not turned. This month’s report saw all three composites and five cities hit new lows. However, with last month’s report nine cities hit new lows. Further, about half as many cities, seven, experienced falling prices this month compared to 16 last time.”
The Case-Shiller Disclaimer
When considering the Case-Shiller findings, recall that the index is based on closed sales and home price data from several months ago. (A better indicator of where area prices stand right now is the April report from RealEstate Business Intelligence.) Another thing that is important to note is that the main index only covers single-family home prices, so co-op and condo prices are not included in the analysis that is widely reported. Chicago and New York City are two of the cities where Case-Shiller provides a separate index for condo prices, but DC does not have a similar index.
Lastly, and perhaps most importantly when considering the conclusions of the index, the area covered by Case-Shiller can only very loosely be described as the “DC area”. According to the site, the following cities are included: DC, Calvert MD, Charles MD, Frederick MD, Montgomery MD, Prince Georges MD, Alexandria City VA, Arlington VA, Clarke VA, Fairfax VA, Fairfax City VA, Falls Church City VA, Fauquier VA, Fredericksburg City VA, Loudoun VA, Manassas City VA, Manassas Park City VA, Prince William VA, Spotsylvania VA, Stafford VA, Warren VA, Jefferson WV.
See other articles related to: case-shiller, home prices
This article originally published at https://dc.urbanturf.com/articles/blog/case-shiller_home_prices_up_in_dc_down_in_country/5588.
Most Popular... This Week • Last 30 Days • Ever

In this edition of First-Timer Primer, we look into the question of how to determine ... read »

The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »

Here's what you need to know about reporting profit made from the sale of your home.... read »

A Roth IRA is one of those accounts that people feel is totally off limits until you ... read »

The latest edition of What $1.5 Million Buys includes a Falls Chuch home reminiscent ... read »
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. Visit guides.urbanturf.com or 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