(Washington Examiner) — The region’s housing market is showing signs of recovery, with median home prices in some areas nearing pre-recession highs. But experts warn that the market will hit some bumps before it returns to full strength. The strongest signs of growth are in the region’s inner core of the District, Arlington County and Alexandria. In particular, the District’s median price in August was nearly 90 percent of its November 2005 high, and in Arlington County it reached 95 percent of the peak in June 2006, according to data from Metropolitan Regional Information Systems Inc., which tracks the local housing market. The Washington area is performing at the top of the curve nationally as well, with the highest average home price of any metropolitan area in the country, according to July data released Tuesday by Standard & Poor’s/Case-Shiller.
