The January average sales statistics for the close-in Metro area were almost flat compared with last January, but a closer look shows that the numbers were lower in Montgomery County and suburban Northern Virginia and much higher in the District. While dollar volume of sales was down 9% in Montgomery County and 4% in Fairfax, Alexandria and Arlington, it was up 8.5% in the District. For the average price of a home, Montgomery County was down 4.7%, close-in Virginia was up 1.3% and the District was up over 10%.
The District has often led the other jurisdictions in sales since the slowdown in 2006, and the subsequent recovery of the past three years. In addition to having the reputation for job stability and prosperity, Washington, D.C. has enjoyed good press about the growth of the downtown commercial and residential real estate markets.