Washington, D.C., continued to have one of the best-performing housing markets in the nation, according to a recent report from Clear Capital.
The report indicated that national home prices fell by 2.1 percent throughout the course of 2011. However, the median price of homes for sale in Washington, D.C., climbed by 3.5 percent in December from a year earlier.
This increase posted by the capital's housing market made the district the sixth-best performing housing market in 2011.
"Overall, 2011 was a relatively quiet year for U.S. home prices compared to the last five years," said Clear Capital director of research Alex Villacorta.
Meanwhile, the firm's report anticipates home prices in 2012 to edge higher by 0.2 percent. This mild increase could be fueled by further gains recorded in Washington, D.C.
In the upcoming year, discussion of adding even more federal jobs to the local housing sector could make Washington, D.C., one of the most desired cities in terms of job opportunities and stable housing market activity.