Local Home Prices Skyrocket

Good News -- If You Already Own One

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    D.C.-area homes now cost thousands of dollars more than they did a year ago.

    Prices shot up by 9.3 percent, said real estate company Clear Capital, compared to the national average of just 5.7 percent.
    The median price of a home in the Washington area is now more than $300,000.
    Cleveland, Ohio saw the biggest jump, around 35 percent -- but the average home price there is only around $100,000.

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