Washington, D.C. real estate is moving on up when it comes to prices. This month, Zumper and ABODO reported that D.C. ranks as the fifth most expensive U.S. city for renting. Now, UrbanTurf reports that buying isn’t much easier.
After searching through MRIS data, UrbanTurf reported that 24 percent of the 1,100 D.C. listings for sale in January 2017 were priced above $1 million. In January 2010, only 12 percent of the inventory was priced above $1 million.
For a graph and more data, check out UrbanTurf’s full article here.
• 24% of Homes For Sale in DC Are Priced Above $1 Million [UrbanTurf]