Washington, D.C.

As politicians fight to lead the country, eyes also could be on the city’s housing market. As one of the first markets to enter the downturn, Washington, D.C. ? also on Local Market Monitor’s list of overpriced markets ? should be one of the first to show signs of recovery, Porter says. The company projects that sales could hit bottom this year, with recovery as early as next year.
Median price end of 2007: $400,100
Median price end of 2006: $421,600
% change: – 5.1%
Projected change through Q3 2008: – 10.8%
Affordability rating: 7.2
Foreclosures in 2007:
(1 for every 86 households)
19,229
Foreclosures in 2006:
(1 for every 582 households)
2,849
Change in foreclosures: + 574.9%
Current rate comparison
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Click here for state vs national rates
Price trends

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June ’06: National median price $227,100
Dec. ’06: National median price $221,900
Dec. ’06: Local median price $421,600
June ’07: National median price $229,200
Dec. ’07: National median price $198,700
Dec. ’07: Local median price $400,100
* Median prices for existing single-family homes