Most expensive home in Congress Heights is $500k LESS than DC average

Remind me again why Ward 8 needs more "affordable" housing?!!!!

Just posted by Michael Neibauer of the Washington Business Journal,

Average D.C. home sold for more than $800K in September

Excerpt:

"The average selling price of a single family home in D.C. in September was $809,843, up $149,527 from a year ago — a 22 percent increase, according to the Office of the Chief Financial Officer. It appears to be the first time the number has topped $800,000, a crazy milestone of sorts.
The median price for a single family home still hovers around $600,000. Nearly 300 homes traded hands in September, and the total number of sales for the year is up 11.7 percent. So houses are selling, and at higher prices than ever before.
Condo sales are up, too, 25 percent for the year. The average sales price over the previous 12 months was $447,827, up 4.2 percent."

And in case you were wondering as of today, according to Remax,  this is the most expensive single family home for sale in 20032. 

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