That post looks at a composite metric for the area, but I wanted to include one graph here that wasn't included on that posting. The graph above is for the past three years and tracks the median asking price of homes for sale. It appears that over the past few months we have seen a bit of a reboun in asking prices as they have been heading up for awhile now. Perhaps that is just a spring bump, but if it helps put our local market into a bit stronger position, then I am all for it.
With a few more months of continued rise in prices, we might actually get back to where we were three years ago. If you read the article I referenced above, it appears that the Bethesda real estate market may be actually preparing itself for little run here, so I would be surprised to see asking prices continue to rise, perhaps even surpassing the highest levesl we have seen since 2009.
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