NBI Realty Reports Upwards Trend in Washington, D.C. Metro Area Home Prices

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Home prices throughout the Washington, D.C. metro area have been trending upwards in recent months, according to leading real estate brokerage NBI Realty. The firm reports seeing price increases in D.C., Maryland, and the nearby Loudon County and Fairfax County, Virginia real estate markets.

The housing market in the D.C. area as a whole has remained quite stable despite our current economic situation

NBI Realty, one of the Washington, D.C. metro area’s leading brokerages, reports seeing an upwards trend in home prices across the region and particularly in the Loudon County and Fairfax County, Virginia real estate markets. The firm advises homebuyers to seriously consider investing in a home in the area now before prices rise further.

“The housing market in the D.C. area as a whole has remained quite stable despite our current economic situation,” says NBI Realty’s Principal Broker Augusto Arostegui. Citing figures from recent S&P/Case-Shiller Home Price Indices—where D.C. had year-over-year price increases of 4.1 percent, 1.3 percent and 0.24 percent—he notes that the region is one of the very few if not the only metro area in the country that has consistently seen price gains over the past year.

“The stability of the D.C. proper real estate market, as well as nearby Maryland, Fairfax County and Loudon County, VA real estate markets, is primarily due to the strength of the region’s economy, which is bolstered by a major federal presence,” he says. “As such, homes for sale in the most desirable communities here often receive multiple offers. In other words, if you’re looking to invest in real estate in the region, you’re not going to see a lot of rock-bottom prices.”

Buyers interested in finding out what the currently available properties are throughout the region can do so through NBI Realty’s newly launched website, NBIRealty.com. Featuring an MLS search tool, as well as extensive community and real estate market information, the site serves as a one-stop resource for both buyers and sellers.

“There’s always something going on in the D.C. area housing market,” says Arostegui, “and we built our website so that homebuyers and sellers can have one central place to turn to if they needed up-to-date information and relevant advice.”

NBI Realty, which launched in 2005, is composed of seasoned area REALTORs® specializing in everything from homes in Arlington to Woodbridge, VA real estate. Visit their new website to learn more about their services or get in touch directly with Augusto Arostegui.

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