Posted on August 10, 2014 by Corey Hart
Aug

10

2014

Sales down from July 2013; Listing Activity up

OVERVIEW

The Washington, DC Metro Area continues to have lower levels of buyer activity than in 2013.  Closed sales have now decreased from their prior year during every month in 2014, and decreased 8.4 percent from last July.  New pending contracts have had year-over-year decreases for eight consecutive months.  In July, new pending contracts fell 4.8 percent, with decreases in each property segment.   Despite the lower buyer activity relative to 2013, closed sales and new pending contracts continue to be higher than in 2010, 2011 and 2012.  The median sales price increased modestly from last year, rising 0.7 percent.  This increase was driven by townhomes and condo properties, with condos reaching their highest July-level since 2007, and townhomes reaching their highest level on record, with data starting in 1997. 

Posted on August 10, 2014 by Corey Hart
Aug

10

2014

Declines in closed sales, though contract activity increases

OVERVIEW

The Baltimore Metro Area housing market performance was mixed in July.  While the number of closed sales decreased for all property segments from last year, all property segments had more new pending contracts than last year.  Closed sales for townhomes fell the most of the property segments, but also had the largest increase in new pending contracts.  The median sales price decreased by 3.1 percent from last July, driven by declines in single-family detached homes and townhomes.  But the median sales price remains higher than its July-levels in 2009 through 2012.  Inventory continues to rise and active listings reached their highest level of any month since November 2011.  However, the number of homes for sale remains low, at just 68.6 percent of its peak-level.

Posted on July 10, 2014 by Corey Hart
Jul

10

2014

Median sales price falls for the first time in over two years; Sixth month of year-over-year decreases for closed sales

OVERVIEW

Buyer activity remained below year-ago levels in the Washington, DC Metro Area.  Closed sales declined by 4.5 percent and have now been below their 2013-level every month this year.  New pending contracts also fell from this time last year and have done so for seven consecutive months.  While buyer activity is lower than last year, both closed sales and pending sales continue to outpace 2011 and 2012 levels.  The median sales price decreased from the prior year for the first time since January 2012, possibly tempered by the slowing pace of sales.  All property segments had a decline in median sales price, but only three of the jurisdictions did: the city of Alexandria, Montgomery County, and Washington, DC.  But at $433,000, the median sales price for the region was higher than any month except June 2013 since July 2007. 

dc metro, market analysis
Posted on July 10, 2014 by Corey Hart
Jul

10

2014

Increases in closed sales and new pending sales

OVERVIEW

In June, the housing market in the Baltimore Metro Area improved relative to last year, with both buyer activity and seller activity above their year-ago levels.  Closed sales and new pending sales increased by 2.8 percent and 3.2 percent, respectively.  The increase in closed sales was driven by townhomes and single-family detached homes, while the increase in new pending sales was driven by single-family detached homes alone.  The number of homes for sale continues to increase and active listings climbed 22.2 percent from last June.  The number of active listings reached its highest level in over two years but is only 67.7 percent of its 2008-peak.  New listings continue to increase, rising 19.8 percent from last year. 

Posted on June 25, 2014 by Corey Hart
Jun

25

2014

The original rbiEXPERT has been kicked to the curb by the new kid on the block:SmartCharts.  If you weren't aware of this, check out RBI's new digs and sign up for a free 14-day Test Drive. Here are 5 cool, new features:

1. "Explore" on steroids

See which subdivisions in your ZIP code are selling the fastest. Which are most expensive, or had the biggest sales jump, etc.

smartcharts

RBI Sign In




Forgot password? Click here...