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DC homebuyers shouldn't be spooked by median prices (and where the bargains are) - WTOP News

DC homebuyers shouldn't be spooked by median prices (and where the bargains are) - WTOP News


Published on 2025-05-12 13:29:42 -
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  • The median price of a home for sale in the D.C. area this spring is $600,000, making the D.C. region one of the most expensive housing markets in the nation.

The article from WTOP discusses the current state of the Washington, D.C. housing market, emphasizing that despite a median home price of $650,000, there are still affordable options available for homebuyers. It highlights that the median price can be misleading as it represents the middle value of all home sales, not the average. The article points out that neighborhoods like Congress Heights and Anacostia offer homes at significantly lower prices, with median prices around $400,000. Additionally, it notes that first-time homebuyers can benefit from various down payment assistance programs and that the market has seen a slight increase in inventory, which could provide more opportunities for buyers. The piece also advises potential buyers not to be discouraged by high median prices and to explore different neighborhoods and financing options to find a home within their budget.

Read the Full WTOP News Article at:
[ https://wtop.com/business-finance/2025/05/dc-homebuyers-shouldnt-be-spooked-by-median-prices-and-where-the-bargains-are/ ]