Montgomery Home Prices A 7-Figure Shock

By Philip Rucker and Nancy Trejos
Washington Post Staff Writers
Thursday, September 27, 2007; Page D01

In a trend Montgomery County officials called shocking, the median price for a newly constructed single-family detached home in Montgomery rocketed to a record high of $1.13 million in the first quarter of this year, according to government data released yesterday.

The figure, up from $881,600 last year, underscores the escalating cost of new construction in the Washington region and is a troubling sign for officials seeking affordable housing solutions.

Source: The Washington Post. View Article.

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