8. Washington, D.C.-Md.-Va.-W. Va.
Year-over-year increase: 14 percent
Median list price: $284,990
This is a function of several factors — all of which we’ve Blogged about — lower inventory pushes prices up and demand increases, historically low rates and comparatively higher employment rates and consumer confidence in the region.
Information like this is risky to be interpreted by consumers as each neighborhood has its own characteristics and driving micro-economic factors. As a result, it’s important that real estate professionals stay engaged with MRIS tools like RBI to keep on top of all market trends in their farm areas.