Metro DC Median Sales Prices 2011 07

Median Sales Prices Reach New Highs

The table below lists the median sales price in July 2011 compared to June 2011 and July 2010.  The median sales price in the District of Columbia reached a significant milestone in July.  Before July, the median had not reached $445,000 since June 2006 when the market was at the height of the housing boom here in metro DC.  Similarly, NVAR (Arlington and Fairfax counties and the cities of Alexandria, Fairfax, and Falls Church) posted its highest median sales price since August of 2007.  Montgomery County’s median was at its highest level since August of 2010.   The metro DC July median ($355,000), including all the counties and jurisdictions illustrated below, matched the July 2010 median and increased the number of consecutive months the 2011 median met or exceeded the median in the corresponding month in 2010 to three.