The year-over-year price appreciation in March is a continuation of a 16-month trend of price growth in the metropolitan area. Year-over-year average prices were up 12.7% for single-family detached houses, 9.8% for townhouses and 6.7% for condominiums. The March data can provide an early indication of the strength of the housing market going into the rest of the year, according to The Washington Post.
D.C. housing not yet affected by sequestration
Source: The Washington Post