Home > Blogs > Virginia > Fairfax County > Reston > Postive Housing Market News for DC Metro Area!

Sharon Goetz's Blog

By Sharon Goetz | Agent in Reston, VA

Postive Housing Market News for DC Metro Area!

Positive housing market news for the DC Metro area!

Washington housing bucks national trend

Washington Business Journal - by Jeff Clabaugh

Date: Friday, December 10, 2010, 10:50am EST - Last Modified: Friday, December 10, 2010, 11:18am EST

Read more: Washington housing bucks national trend | Washington Business Journal

Washington was one of only two metropolitan areas to see housing price gains in the third quarter.

Honolulu was the other city with quarter-over-quarter gains, according to report from real estate data tracking firm Clear Capital.

Nationwide, it says home prices were down an average of 5.8 percent in the third quarter, when compared to the second quarter.

In the Washington area, median prices were up 1.5 percent from the previous quarter and up 7.5 percent from a year ago.

Honolulu saw a 2.4 percent quarterly gain in prices.

"From a local perspective, we continue to see individual markets distance themselves from national price levels in both positive and negative directions," said Clear Capital senior statistician Dr. Alex Villacorta. "Washington maintains its positive price growth with prices now 15 percent above last year's lows, while the four biggest Florida markets are now seeing new price lows since the housing downturn began."

The biggest quarterly decline in home prices was in Columbus, Ohio, according to Clear Capital, where prices were down 15.3 percent from the second quarter.

Sharon Goetz
Keller Williams Realty
Reston VA  20190


Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer