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According to the latest Standard & Poor's/Case-Shiller Home Price Indices, property values in Washington, D.C. rose during the second quarter, continuing a recent trend.
Between April and June, prices of homes for sale in the nation's capital increased by 2.3 percent, trailing only Minneapolis, Chicago and Boston in terms of growth. Nationally, prices jumped 3.6 percent. When seasonally adjusted, national prices were up 0.1 percent, while Washington and Charlotte performed the best in the country, as values grew by an adjusted 0.9 percent.
In the first quarter, property prices in Washington, D.C. were up 0.6 percent unadjusted, but down 0.5 percent when factoring in the season.
The S&P/Case-Shiller composite indices both increased during the quarter on an unadjusted basis. Both the 10- and 20-city composite indices were up 1.1 percent when compared to the first quarter. Adjusted, the 10-city index showed no change from the previous period, while the 20-city index was down 0.1 percent. Both indices had grown 1 percent on an unadjusted basis during the first quarter compared to the last three months of 2010.
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