Housing Prices Up in D.C. Area
Sales prices of existing single-family homes continue to rise, according to new data.
Good news for homeowners, especially those thinking about selling: Home prices across the country and here in the D.C. metro area rose more than expected in July, according to data released Tuesday from the S&P/Case-Shiller Housing Index. In the D.C. metro area, the seasonally adjusted price index (which measures the average sale price for single-homes) for July this year was 188.64, up from 182.06 in July 2011 and 184.11 in July 2010. The numbers are calculated based on the repeat sale of existing single-family homes, where the baseline of 100 is the average price as of January 2000. The bottoming out of the index in our area was in April 2009. According to data from Trulia.com, a real estate site, the average listing price of homes in …
