The total value of all residential real estate in the D.C. metro has topped $1 trillion, and is one of four metros that have doubled the number of “Trillion-Dollar” housing markets in the country.
D.C. — along with Anaheim, California, Chicago and Phoenix — have all seen total residential values swell to more than $1 trillion in the past 12 months, according to Redfin.
The total value of all residential real estate in the D.C. region is now $1.054 trillion, growing by $67.1 billion in the past 12 months.
The New York City metro remains the most valuable residential market, with a total aggregate home value of $2.48 trillion, growing by $190 billion in the past 12 months. The Los Angeles metro ranks No. 2, at $2.2 trillion, followed by Atlanta, at $1.29 trillion, Boston, at $1.28 trillion, and Anaheim, at $1.12 trillion.
The only other trillion-dollar housing markets are Chicago and Phoenix, while San Diego and Seattle fell just shy of the threshold.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
