Zillow Reports Washington DC And Surrounding Area Have Reached Bottom Of Housing Market

By Editor · on December 21st, 2009 ·

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Washington DC Market Has Hit Bottom And Market Value Increase

Washington DC Market Has Hit Bottom And Market Value Increase

The website Zillow reported that there were 12 Housing Markets Nationwide that have hit bottom, or coming off the bottom with regards to Home Values.  Of these 12 markets, both the Washington DC area, as well as the Baltimore Area were named in their report.

Zillow reports that these cities saw their bubbles burst but have since experienced month to month price appreciation, as well as six months of favorable change.  Zillow believes it is reasonable to suggest that these local markets are at, near, or just coming off the home value bottoms.  Zillow does throw in one condition with regards to foreclosures.  If foreclosures in these areas begin to increase, it could possibly derail any markets recovery.

According to Zillow, Washington DC is off its peak with regards to house values by 25.5%.

Northern Virginia Real Estate Times

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This entry was posted on Monday, December 21st, 2009 at 6:58 pm and is filed under Alexandria Virginia Home Sellers, Arlington County Virginia Home Sellers, Ashburn Virginia Home Sellers, Clarke County Virginia Home Sellers, Fairfax County Virginia Home Sellers, Fauquier County Virginia Home Sellers, Frederick County Virginia Home Sellers, Loudoun County Virginia Home Sellers, Northern Virginia Home Sellers, Prince William County Virginia Home Sellers, Washington DC Home Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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