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Home Prices in Washington DC Metro Area Trending Upwards

By Allison Halliday | October 21, 2011

According to leading real estate brokerage NBI Realty, home prices in the Washington DC metro area have been trending upwards during the last few months.

NBI Realty who are one of the leading brokerages in the area, is advising homebuyers to seriously consider purchasing now before prices rise even further. Their principal broker Augusto Arostegui says "The housing market in the DC area as a whole has remained quite stable despite our current economic situation."

DC
Washington DC housing moving up © Stephen Finn - Fotolia.com

Figures from the most recent Standard & Poor/Case Shiller Home prices indices show prices increased year-on-year by as much as 4.1%, making it one of the very few metro areas in the US to buck the downward trend.

Arostegui goes on to say "The stability of the DC proper real estate market, as well as nearby Maryland, Fairfax County and Loudon County, VA real estate markets is probably due to the strength of the region's economy which is bolstered by a major federal presence" and points out that "homes for sale in the most desirable communities here often receive multiple offers."

NBI Realty, which was founded in 2005, has just launched their website featuring an MLS search tool as well as extensive real estate market and community information as the site aims to serve as a one-stop resource for both sellers and buyers.

"There's always something going on in the DC area housing market," says Arostegui, "and we built our website so that homebuyers and sellers can have one central place to turn to if they need up-to-date information and relevant advice."

Allison Halliday is a Realty Biz News contributing writer. She handles International Real Estate and is a seasoned blogger.
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