What's Hot: A First Look At 135-Unit Office-To-Residential Conversion Planned At Georgetown's Flour Mill
The Price For a House in The DC Area Has Never Been Higher
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As home prices in the region hit a record over the last few months, so too did the price of a detached house.
After eclipsing $845,000 for the first time in May, the median price for a detached house in the area remained near that record high in June, proving that despite elevated interest rates, the demand for this property type remains high.
The value of a detached home increased about 9% since last spring, but the more notable increase has been since early 2020 when the pandemic began. Since February 2020, the median price is up $300,000 or nearly 56%.
Photo Courtesy of Kate Wichlinski
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This article originally published at https://dc.urbanturf.com/articles/blog/the-price-for-a-house-in-the-dc-area-hit-a-record-in-the-last-two-months/22524.
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