Posted on April 10, 2014 by Corey Hart
Apr

10

2014

Highest March-level median sales price in seven years; Inventory up 21 percent

OVERVIEW

The Washington DC Metro Area continued to see winter weather well into March.  As in the previous months, the cold weather may have impacted buyer activity in the housing market.  Both closed sales and new contract activity decreased from last March, declining 11.2 percent and 6.8 percent, respectively.  While all property segments had a decline in closed sales, only single-family detached homes and townhomes had fewer new contracts than last year.  Seller activity jumped compared to last year as both active listings and new listings had year-over-year increases.  Active listings increased by 20.9 percent, with both condo properties and townhomes increasing by over 30 percent.  New listings increased 3.9 percent and were driven by new listings for condo properties, which increased 18.6 percent.  Even with the increases, inventory remains low and is just 29.4 percent of its peak-level. 

Posted on April 10, 2014 by Corey Hart
Apr

10

2014

New listing activity increases for 12th month in a row; Prices essentially flat compared to last year

OVERVIEW

The Baltimore Metro Area continued to see winter weather well into March, but buyers and sellers in the region were less affected by it than earlier in the year.  Both buyer and seller activity improved from last March and the number of closed sales, active listings and new listings increased from this time last year.  Closed sales increased 4.6 percent, with gains seen in each property segment.  The number of new contracts declined by 1.3 percent from March 2013, but remained higher than the March-level for the six preceding years. 

Posted on March 20, 2014 by Corey Hart
Mar

20

2014

We are pleased to announce the addition of Cities and Subdivisions into RBI stats, exclusively for rbiEXPERT customers.  ZIP codes just weren't cutting it for some of our users, in some cases they were too small ("I'd like to report on Bethesda, not just one part of it") and other times the ZIP code just isn't granular enough (especially for those ZIP codes with a variety of different housing types).  You asked, and we've delivered solutions to both problems in the latest release.

Need more granular stats?

rbiEXPERT customers can now see critical trends for over 7,500 subdivisions! We aggregated Legal Subdivisions and Advertised Subdivisions in order to satisfy whichever type is most relevant to your specific market.  Any subdivision that averages at least 6 sales per year has been included in this build.

Want to go bigger than ZIP code? 

rbiEXPERT customers can now access interactive charts, custom reports and more at the city level. Using the USPS preferred city name categorization, we now offer stats for over 600 cities in the MRIS footprint.  

Comments: 1 |
cities, subdivisions
Posted on March 10, 2014 by Corey Hart
Mar

10

2014

Increase in closed sales despite winter weather

OVERVIEW

February was another unusually cold and snowy month in the Baltimore Metro Area, but the weather had less of an impact on activity in the housing market than in January.  The number of closed sales increased 5.9 percent from last February, with increases in all property segments.  But the number of new contracts signed in February fell 1.7 percent from last year, driven by declines in townhomes and single-family detached homes.  While buyer activity was mixed, seller activity continues to improve as compared to the prior year.  New listings increased 2.3 percent and continued to contribute to increases in active listings.  There were 10,107 active listings at the end of February, 7.4 percent more than the same time last year.  Despite this increase, inventory remains low and is only half of its 2008 peak level.  The tight inventory may be playing a role in price growth and the median sales price for the region increased 7.6 percent from last year.  As the weather improves, both buyers and potential sellers may be more inclined to enter the market.

Click here to view PDF version of this report

Posted on March 10, 2014 by Corey Hart
Mar

10

2014

Decrease in new listings from last year; Prices up

OVERVIEW

February was another unusually cold and snowy month in the Washington DC Metro Area which may have contributed to a less active housing market.  Both buyer and seller activity slowed, with closed sales, new contracts and new listings all decreasing from this time last year.  Closed sales fell 3.5 percent and new contracts declined 11.3 percent from February 2013.  New listings decreased 3.3 percent from last year.  While closed sales and new contracts also had year-over-year declines in January, this was the first such decrease in new listings since spring 2013.  Despite the decline in new listings, active listings rose and have now increased from the prior year for five consecutive months.  There were 7,011 active listings at the end of February, 15.1 percent more than last February.  However, inventory remains low and is only 27.1 percent of its 2007 peak.  Tight inventory continues to play a role in price growth and the median sales price for the region increased 5.6 percent from last year.  This is the 25th month in a row of year-over-year increases for the region’s median price. 

Click here to view PDF version of this report

dc metro, press release

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