Condo market across region outperforms national average in fourth quarter

Condominiums that sold across the Washington region in the fourth quarter of 2019 garnered 7 percent more than those changing hands in 2018, an appreciation rate higher than nationally, according to new data.

The median sales price for a condominium that sold across the metro area in the October-November-December quarter last year was $309,200, according to figures reported by the National Association of Realtors. That’s up from $301,000 in the fourth quarter of 2018.

Nationally, the median sales price of condominiums in three dozen markets tracked by the Realtors’ group was $250,400, an increase of 5.2 percent.

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