Market overview
The contract settles on the listed range containing the median home value in the DC Metro area on December 31.
The available value bands are <$503K, $503K - $507K, $507K - $511K, $511K - $515K, $515K - $519K, $519K - $521K, and $521K+.
The exact metric, reference period, source, rounding method, and treatment of range boundaries are documented in the Resolution Rules below.