The latest RBI sales statistics for Washington -- with data through February 2012 -- were released earlier this month. Unlike Standard & Poor's Home Price Index, which reports only single-family home sales on a two-month lag, RBI's methodology reports sales statistics for the past month in specific DC metro jurisdictions, and incorporates all property types including single-family homes, townhouses, condos/coops.
The RBI data shows the following numbers for the city of DC only:
- Median Sold Price: jumped 10.69% over February 2011 and 6.27% from the previous month
- Average Sold Price: increased 7.86% last year but dropped 4.79% month before
The latest RBI sales statistics for the entire DC Metro area -- with data through February 2012 -- were also released earlier this month. The RBI methodology reports the following price changes for DC Metro:
- Median Sold Price: is up 5.97% over February 2011 and 2.55% from January 2012
- Average Sold Price: increased 3.27% over last year but dropped 2.12% from one month before
RBI defines the DC Metro area to include the following 8 jurisdictions:
- Alexandria City, VA
- Arlington County, VA
- Fairfax City, VA
- Fairfax County, VA
- Falls Church City, VA
- Montgomery County, MD
- Prince George's County, MD
- Washington, DC
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