Nation’s Capital to Rest of the Country: We Have Lots of Money

The Washingtonian magazine reports:

Median single-family home sales in DC have surpassed $1 million for the first time ever. Listing service group Bright MLS reports that median sales for that type of home hit $1.1 million in October.

Housing demand in the region has remained high over the past months. For the third month in a row, single-family homes sat on the market for a record low of seven days.

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