February 24, 2023

3 min read

Parcl Labs Predicts Case Shiller Index in Washington, DC for December

Parcl Labs Predicts Case Shiller Index in Washington, DC for December

Real Estate Analytics Company Provides Insight on Housing Market

Parcl Labs, a real estate analytics company, has released its prediction for the Case Shiller Index in Washington, DC for the month of December. The prediction is based on data analysis and modeling of various factors affecting the housing market in the region.

Case Shiller December Predictions

The Case Shiller Index is a widely recognized indicator of the health of the housing market in the United States. It is a repeated sales methodology that evaluates single-family residences only and is released on a monthly basis with a two-month lag. The last reported Case Shiller value for Washington, DC was 298.45 in November, and Parcl Labs predicts that the value will be 293.81 in December, down -1.6% since November.

The Washington, DC Housing Market

The Washington, DC housing market has been impacted by various factors over the past year. According to Parcl Labs, since December 2021, the housing market in the region has decreased by -1.63%, which the Case Shiller Index won't tell you since it only evaluates single-family residences with a two-month lag. It is worth noting that over the last 12 months, 40.85% of real estate sales in Washington, DC were condos or townhomes, which are not captured in the Case Shiller Index.

All Case Shiller 10 Markets

A report of the findings from Decembers predictions for all Case Shiller 10 markets, which includes:

Can be found at Market Update: Predicting Case Shiller Numbers for December

FAQ

What is the Case Shiller Index?

The Case Shiller Index is a repeated sales methodology that evaluates single-family residences only and is released on a monthly basis with a two-month lag. It is a widely recognized indicator of the health of the housing market in the United States.

How has the Washington, DC housing market been performing?

According to Parcl Labs, the Washington, DC housing market has decreased by -1.63% since December 2021. Additionally, from the 2022 peak, the housing market in the region is down -8.55%. It is worth noting that over the last 12 months, 40.85% of real estate sales in Washington, DC were condos or townhomes, which are not captured in the Case Shiller Index.

Why is it important to know the Case Shiller Index prediction for December in Washington, DC?

The Case Shiller Index is a widely recognized indicator of the health of the housing market in the United States. By predicting the value for December in Washington, DC, real estate professionals and investors can gain insight into the current state of the market and make informed decisions.

In conclusion, Parcl Labs' prediction of the Case Shiller Index in Washington, DC for December provides valuable insight into the current state of the region's housing market. While the prediction indicates a slight decline since November, it is worth noting that the Case Shiller Index only evaluates single-family residences and has a two-month lag, which means that it does not capture all aspects of the market. Nonetheless, the prediction can help real estate professionals and investors make informed decisions about buying and selling properties in the region.

Written by
Subscribe to our newsletter
Read about our privacy policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Share this post