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DC-area home prices have more than tripled since 2000

April 25, 2023
suburbs, homes, neighbors

D.C.-area home prices plunged 33% between 2007 and 2010, according to listing service Bright MLS, but that Great Recession setback has barely put a dent in long-term homes price inflation in the D.C. region. Going back more than two decades shows home values in the D.C. metro have more than tripled. “In 2000, the typical home price in D.C. was $173,207, and now it costs $521,308. Overall inflation since 2000 has increased by 145%, whereas home prices in D.C. have increased by 201%,” said Sam Huisache at homebuyer resource site Clever.

 

 

Article Source: WTOP

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