WASHINGTON, DC – (RealEstateRama) — GCAAR is pleased to update its market information through a partnership with ShowingTime RealEstate Business Intelligence (RBI). Monthly analysis of the Washington, DC and Montgomery County, MD housing markets gets more detailed attention here, while GCAAR continues to be your source for ear-to-the-ground reporting from our REALTOR® members. Get monthly housing stats at gcaar.com.
Washington, DC February Housing Market Report
Median Prices Gained 7.1 Percent in February; Up 60.5 Percent From 2010 Bottom
The $537,500 median price for the month represents a 7.1 percent increase over February 2015 and marked the highest February level on record for the District. Read the full report.
Montgomery County, MD February Housing Market Report
Contracts and Closed Sales Both Jump by Double Digits Versus Last Year
The 658 closed sales in Montgomery County in February topped last year’s level by 16.6 percent and exceeded the five-year February average by 14.6 percent. Making up for a slow January, new contracts were up 13.1 percent compared to February 2015. Read the full report.
GCAAR is the voice for REALTORS® in Washington, DC and Montgomery County, Maryland. Representing over 9,400 real estate professionals in the greater capital area, GCAAR provides numerous services vital to its members’ daily business needs and works with lawmakers to ensure public policy that encourages home ownership.
Contact: Bobette Banks
bbanks (at) gcaar (dot) com