Prices in the Washington area saw a 3.8 percent increase at the end of 2009, compared to a year earlier, according to NAR’s quarterly report.
Home sales were up by an impressive 56% in DC, 47.9% in Maryland and 12.5% in Virginia, compared to the previous year. Obviously record-low mortgage rates and the tax credit were a major contributor to this market performance.
You can read a little more about the local market in the Washington Business Journal and results of NAR’s report for the whole country at NAR’s Website.
