DC-Area Home Prices Rising Faster Than National Average

By Patch Editor Whitney Teal

Home sellers in the Washington, DC, region can get about 6.7 percent more this spring than last spring for their properties, according to 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's website.