DC-Area Home Prices Rising Faster Than National Average

By Whitney Teal

Home sellers in the Washington, DC region can get about 6.7 percent more this spring than last spring for their property, according to the Washington Business Journal. That year-over-year increase is slightly higher than the national average increase of 5.8 percent, the newspaper reports.

Properties in the metro area, which includes Montgomery and Prince George’s counties, are selling for an average of $334,500 and the foreclosure rate is a mere 3.3 percent, according to real estate tracking firm Zillow, The national average is 4.96 percent.

Read more at the Washington Business Journal.