Three core jurisdictions we follow in this blog - the District, Arlington and Alexandria, represent the strongest performing jurisdictions in terms of price in the Washington metro area. The average price in this core area in the second quarter of 2009 was $497,216, which is 6.4% higher than in the first quarter of 2009 but lower by 8.7% than one year ago.
The average price in the District in June of 2009 is 6.2% lower than June of 2008. The average price in Arlington in June of 2009 is 1.9% lower than June of 2008. The average price in Alexandria in June of 2009 is lower by 5.6% than June of 2008.
The market remains a good one for buyers, with prices still lower than last year, but inching up as the year goes on.
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