2013 DC Metro Real Estate Summary

2013 DC Metro Real Estate Summary

2013 DC Metro Real Estate Summary

Nearly Two Years of Consecutive YoY Gains

For the 23rd consecutive month, DC Metro’s December 2013 real estate market saw year-over-year gains. Buyers found inventory shortages and bidding wars impacted their searches through year-end. Here’s how December shook out in DCMA:

  • Median Sales Price $391,362 was 9.0%, ($32,362) higher than December 2012 & highest December-level in six years.
  • Condos led Median Sales Price growth, up 11.3% from December 2012 (+$30,000)
  • MSP for townhomes in the region up 10.7%, (+$37,000)
  • MSP for single-family detached homes rose 7.4%, (+$33,000)
  • Arlington County led DCMA growth, up 14.7% MSP from December 2012
  • Prince George’s County up 13.9%
  • Fairfax City was the single jurisdiction with YoY sales price decline
  • 2013 DMA MSP rose to $399,900 from $365,000 (+9.6% from 2012).

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Comment balloon 0 commentsThe Isaacs Team llc • January 17 2014 04:44PM


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