You will not find this information anywhere else. Median sale price of homes by Zip Code and City. Data from MLS. Prepared by TOBIN SEVEN, Principal Broker / Army Veteran / Eagle Scout.
Quick summary of DMV (DC, MD and VA): 1 DOWN and 2 UP.
MARYLAND housing market is skyrocketing upward---13.1% appreciation versus previous month's 7.6% appreciation. Yikes!
WASHINGTON DC is plunging rapidly. Current appreciation is 3.9%. This is huge decrease from last month when DC experienced 7.5% appreciation. Inflation was 7.9% in past 12 months.
NORTHERN VIRGINIA market continues to skyrocket upward, now at 12.3% from previous 9.4%annual increase. Yikes!
NOTE: inflation is running at an annual rate of 8.5%. We should expect home prices to at least match the annual inflation rate.
Tobin's note: Median price of home today in NORTHERN VIRGINIA is $615,000. Same home 12 months ago would have cost $547,500. Increase of $67,500 over 12 months.You would have to save $5,625 each month to buy same home you saw 12 months previously.
TOBIN SEVEN, Principal Broker, Army Veteran.
Licensed in Virginia, Maryland and DC. Eagle Scout
SEVEN REAL ESTATE ASSOCIATES
Veteran Owned and Operated.
Cell (703) 327-6800
Below, are links to useful Housing information. For DMV (DC, Maryland and Virginia).
Archiveof past monthly reports for Northern VA, Maryland and DC.