Washington, DC Home Price Index 2011 05Posted: July 27, 2011
The streak is unbroken. According to the May 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 24th consecutive month that the DC market led the country. Further, the Washington, DC market has had positive annual gains for the last eighteen consecutive months. The bad news for real estate in general though was that Washington, DC was the only large market to post a gain again in May. Denver had the smallest annual loss in May (-4.24 percent). The highest loss occurred in Minneapolis (-14.38 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.