County Housing Prices Rise Almost 12 Percent
Housing prices rose across the D.C. region.
Though built in 2006, this Cabin John house has a deliberate Craftsman-style feel and look inside and out. The award-winning back yard — overlooked by a screened-in porch — features a pool, fireplace and extensive landscaping.
Sorell Schwartz
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Montgomery County led counties in the D.C. region in housing price increase over the last year, The Washington Examiner reported.
Housing prices in May rose 11.7 percent from the same time last year and are up 5.7 percent year-to-date from last year, a Metropoitan Regional Information Systems report showed.
Neighboring Prince George's County didn't fare quite as well, but still showed an increase. Housing prices rose 7.3 percent from May of last year and 2.4 percent year-to-date from last year.
Prices are up 11 percent across the D.C. region from the same time last year, which includes a 66.7 percent jump in Falls Church City, and up 7.7 percent year-to-date from last year, according to the report.
Lisa Abrams
8:14 am on Wednesday, June 13, 2012
As a local Realtor we have more buyers in the market than we do sellers. Inventory is very low and we are seeing multiple offers on homes
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