By NBC News | NBC News| December 26, 2018–(BUSINESS WIRE)–Condos in DC can be pricey, but they’re actually fairly affordable, according to a new report by NBC News.
The median price of a condo listed in the DC metro area is $1,600 per month, according a new survey by the Condo Institute of Washington.
A year ago, the median was $1.2 million, but that’s still cheaper than other areas, according the report.
The most expensive condo was in Georgetown at $1 million.
There were other condo rankings, such as in the West End, in the suburbs, in Virginia Beach, and in Northeast Washington.
The condominium index, which measures the cost of a single-family home, is compiled by the Washington D.C. Metropolitan Council.
The survey of 5,000 adults is a measure of demand, and it includes listings in the metropolitan area as well as those in neighboring states.
The report is based on a survey of properties in the Washington Metropolitan Area.
The Condo Index is the average of the three largest markets in the D.W.C., Washington, D.T. and Montgomery counties.
For example, the average price in Washington is $4,906, while the average is $6,719 in Montgomery County.
There are also condos in the District that are closer to their median than in the other metro areas.
But that’s because the D.-T.
metro area and Montgomery County have lower vacancy rates, which make them more affordable.
The Condo Council also says the metro area’s condo market is not in crisis.
Condo prices in Washington, Washington, DC, and the District have increased and prices in Montgomery and the D-T are still very affordable.
But demand is increasing and condominium prices in the area are still quite high.
In fact, Montgomery and D.R. are the two areas that are now experiencing the biggest condo growth.
Condos have been in the news recently after a series of high-profile high-rise condo projects that were completed in the last two years.
Some of those projects, including the $1 billion Hudson Yards development in Baltimore, are expected to start selling by 2021.
Condos in the Baltimore area are already selling for well over the average condo price, according an analysis by Zillow.
And condos in Georgetown, which is home to the University of Virginia, are also being sold for prices in excess of $1-million.
Condo affordability and rental affordability are important factors in determining whether you want to buy a condo or rent one.
If you can afford a condo, you might consider buying one.
And if you don’t have the means to rent, you could consider renting one.
