Data from Clear Capital shows that the housing market in Washington, D.C. continues to rank among the healthiest in the nation.
The real estate data firm reports the median price of a home for sale in Washington, D.C. rose 4.5 percent in November from three months earlier – the best quarter-over-quarter performance in the nation. Meanwhile, compared to November 2010, home prices were up 2.5 percent.
"The overall market stability in this month’s report gives me hope that housing markets are settling after a very turbulent two years," said Clear Capital director of research Alex Villacorta. "With only a one percent drop in national home prices since January and virtually no change in prices over the last six months, strong evidence suggests the big swings that many market participants are accustomed to could become a thing of the past."
As the capital's housing market continues to make great strides while much of the rest of the nation reports weak performances, investing in a Washington, D.C. home could yield a profit if property values continue to appreciate year-over-year.
