Washington, DC Home Price Index 2011 04Posted: July 1, 2011
If this weren’t such good news, it would be monotonous. According to the April edition of the S&P/Case-Shiller Home Price Index, Washington, DC again posted the highest month-over-year gain among the largest housing markets in the country AND chalked up the 23rd consecutive month that the DC market led the country. Further, the Washington, DC market has had positive annual gains for the last seventeen consecutive months. The bad news for real estate in general though was that Washington, DC was the only large market to post a gain. In second place was a 3.58 percent annual loss in April prices in Los Angeles. The largest loss occurred in Portland, Oregon (-13.41 percent).
The S&P/Case-Shiller® Home Price Index measures the residential housing market, tracking changes in the value of the residential real estate market. This Index uses a repeat sales pricing technique that collects data on single-family home resales, capturing resold prices to form sale pairs using a moving three month average. Call Rosemary for an analysis of the marketability of your home.