WASHINGTON — The Washington metro region lags behind other big cities in home price appreciation, but that is not the case in the District itself, where the median selling price last month was up 11 percent from a year ago, according to the real estate firm Long & Foster.
That is in contrast to the latest S&P/Case-Shiller Home Price Index, which shows prices in the Greater Washington region in July were up just 2 percent from a year earlier. In August, the median price in Fairfax County was up just 2 percent from a year ago. The median price in Arlington County fell 1 percent.
While the median price in the District is now just over $575,000, prices vary wildly by neighborhood — from $355,000 in Southwest and the Waterfront to $1.175 million in Georgetown.
That median price in Georgetown is also 109 percent higher than it was a year ago, but it is based on just 51 sales.
Below is a snapshot of DC’s housing market in August, from Long & Foster: