The median sales price of condominiums and cooperative apartments in the Washington region remained above the national figure, but the rate of growth in the local region was lower.
The median sales prices of condos and co-ops across Washington for the October-November-December 2023 period stood at $352,400, an increase of 6 percent from the same period a year before (albeit down from $356,600 in the third quarter in a typical case of seasonal ebbs and flows).
Nationally, the median sales price of $349,600 was up 8 percent from a year ago if down slightly from the preceding quarter.
Among the four regions of the nation:
• The median sales price in the Northeast stood at $396,800 for condos, up 8.9 percent from a year before.
• The median sales price in the Midwest stood at $242,400, up 10.2 percent.
• The median sales price in the South was $301,200, up 7.1 percent.
• The median sales price in the West was $491,300, up 3.9 percent.
All regions were down slightly from the third quarter.
The priciest locale in the survey was San Francisco, where half of condos would have set you back more than $886,000 in the fourth quarter. Coming in at a median of less than $200,000 were Bismarck, N.D.; Cleveland; Greensboro, N.C.; Tallahassee; and Winston-Salem, N.C.
Elsewhere in Virginia, the median sales price for condos in the Richmond area was $407,500, up 8.2 percent year-over-year, while in the Hampton Roads area it was $352,400, up 6 percent.
