Home prices in the DC region rose almost 10 percent in 2013, compared to 2012, according to a report out from RealEstate Business Intelligence (RBI) today.
Every jurisdiction covered by RBI had a higher median sales price in 2013. Prince George’s County led the way in terms of price growth with a 15.9 percent price increase; Falls Church prices followed close behind with a 13.6 percent increase and then DC proper with a 10.2 percent jump. December marked the 23rd month in a row that median prices rose year-over-year.
Condos led all property segments in median sales price growth, increasing 11.3 percent (or $30,000). Townhome prices in the region increased 10.7 percent, while detached home prices rose 7.4 percent.
Below are two other charts that give a sense of the local housing market in 2013, including where homes sold the quickest and where they sold closest to list price.
In 2013, homes sold the quickest in Falls Church, VA and the slowest Frederick, MD.
Homes on the market in DC were most likely to sell at or above their listing price in 2013.
Data provided by RealEstate Business Intelligence, a subsidiary of MRIS.
This article originally published at http://dc.urbanturf.com/articles/blog/dc_area_home_prices_rose_9.6_in_2013/7980
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