PolicyMap recently updated our home sale data to include 2013 transactions. The data include information on how many home sales occurred in your neighborhood, city or county. It also includes the median sales price of those transactions, and the loan-to-value ratio, which compares the value of the first mortgage taken out on a home to the sales price.
Our home sale data is one of the most popular datasets we have because these statistics are so important to understanding the real estate market in an area. Annual data are available from 2006 through 2013, but we also offer a 5-year trend indicator that allows you to look at trends in home sales from 2001 to 2006.
The two maps below compare the 5-year trends in home sale prices in the Washington D.C. Metropolitan area. The first shows the percent change in the median sales from 2001 to 2006. The areas on the map that are darker purple indicate that sales prices have gone up the most – more than a 125% increase in five years. The lighter purple areas on the map also saw increases in sales prices but at lower rates. The pattern in fairly clear; greater sales price increases occurred in the eastern half of Washington DC, in Prince George’s County Maryland (to the east of the City), and some parts south and west of D.C. Continue reading