McLean Housing Prices Down Slightly from This Summer
Prices of McLean homes for sale are down a little bit from last summer but up overall in the D.C. metro area from last year, according to the latest Case-Schiller Housing Index and data from Trulia.com.
Home prices across the country and here in McLean are on the upswing from 2011 as the real estate market continues to stabilize, according to Case-Schiller Housing Index data released Tuesday. In the D.C. metro area, the seasonally adjusted price index (which measures the average sale price for single-family homes) for November 2012 was 188.12—that's up from 180.15 in November 2011 and 182.82 in November 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. Home prices have risen significantly in the D.C. metro area since 2000. The high point in the D.C. metro area was in May 2006, when the index hit 251.19. The bottoming out of the …
