The median home price in the Washington, DC Metro* went up 2.6% in September from a year ago.
According to a new report from Real Estate Business Intelligence (RBI), the median home price for DC proper in September was $512,000, up from $465,000 in September of 2014. This represents a 10.1% year over year increase, making DC the jurisdiction with the biggest percent increase in September. Falls Church City and Arlington also posted impressive gains.
This September also saw the highest level of pending sales for the month in over a decade, and the highest level of sales activity for the month since 2006.
To read the full RBI report, click here.
If you want to take advantage of the strong fall real estate market, or would like a free market analysis on the value of your home, email Cathy at email@example.com.
*The DC Metro region encompasses DC, Montgomery, Prince George’s, Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City.