The total value of residential real estate in the U.S. has reached a new record of $52 trillion, up 49% compared to just before the pandemic, according to data compiled by Zillow.
Among metro areas, the D.C. region easily ranks in the top 10 for total residential real estate value, but has slipped one spot to sixth place this year, overtaken by Miami, which jumped from ninth place in 2022 to fifth place this year.
New York, Los Angeles, San Francisco and Boston round out the top five by total housing value.
Zillow calculates the total value of all residential real estate in the D.C. metro region at $1.142 trillion as of June, $35.1 million more than June of 2022, or a gain of 3.2%. Among the top 10, that is the second-smallest annual gain, ahead of only Los Angeles, where total home values are virtually unchanged from a year ago.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
