What's Hot: The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn | Do Three Months of Rising Home Sales Mean The Market is Turning a Corner?
Trulia: DC Home Prices Rise As Rent Increases Slow Down

Data released today reveals that asking prices in the DC area and around the country continue to move up steadily, exceeding the pace that rents are increasing in many cities.
In November, asking prices rose by 6.4 percent year-over-year in the DC area and 3.8 percent nationwide, according to Trulia’s latest Price and Rent Monitors, which were released this morning. (If you exclude foreclosures, asking prices year-over-year nationally increased 4.3 percent.)
But the increase in home prices depends on where you are.
“Prices are rising faster than at any point since the bubble burst, but the price recovery is becoming more uneven,” said Jed Kolko, Trulia’s Chief Economist. “Even though prices rose at a 10 percent annualized rate in the last quarter, more metros are seeing price declines. The price recovery is strongest in the largest metros, and price gains have now surpassed rent gains in the largest 25 rental markets. However, price gains are starting to waver in smaller markets.”
While home prices in the region are rising, Trulia’s Rent Monitor found that rents are slowing down considerably. In DC, asking rents were up 2.6 percent year-over-year, down notably from a 3.4 percent increase in September. Nationwide, rents rose 5.6 percent annually. Houston, Cleveland and Oakland were the only cities with year-over-year rent increases that exceeded 11 percent.
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_dc_home_prices_rise_as_rent_increases_slow_down/6380.
Most Popular... This Week • Last 30 Days • Ever

New renderings show the public space that will be part of the huge new residential de... read »

Several large projects are in the works across the Potomac in Rosslyn while others ha... read »

In this week's edition of Above Asking, we highlight a home in Mount Pleasant that so... read »

As Los Angeles looks to implement a "mansion tax" on April 1, UrbanTurf decided to ta... read »

The 2023 Home Buyers and Sellers Generational Trends report out today found that bab... read »
- New Renderings Show Retail Plaza, Park at 435-Unit Takoma Metro Development
- The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn
- 12 Offers, $273,000 Above Asking in Mount Pleasant
- A Closer Look at the Mansion Tax
- Baby Boomers Pass Millennials As Largest Generation of Homebuyers, Per Report
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