DC is Top Performing Real Estate Market
DC was rated as the top performing real estate market in the nation by Clear Capitol In its June 2011 Home Data Index (HDI) Market Report. The Clear Capitol HDI report compares how local markets perform compared to national averages.
The HDI report detailed that the DC (Washington, DC - Arlington, VA - Alexandria, VA) real estate market topped the nation with a quarter-to-quarter price increase of 4.5%. The year-to-year price increase for the DC market was also tops in the nation at 4.9%.
With a strong job market and the lowest unemployment rates in the nation, the DC economy is firing on all cylinders. Residents are feeling confident about the future and looking to purchase now before prices increase even further. If you are condsidering a buying in the District, here is a resource to facilitate your search for DC real estate.
Hi Mark. Thanks for posting these stats. Since I have clients & friens with property still in the area, has the market stabilized there? They are all wondering when the values will increase enough for them to finally sell instead of being landlords for the long haul.
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