Posted on December 10, 2014 by Corey Hart
Dec

10

2014

Mild increase in contract activity

OVERVIEW

The November performance of the Washington DC Metro Area housing market continued to follow the patterns seen through most of 2014. Closed sales decreased 1.0 percent from November 2013. While this is a milder increase than in prior months, housing performance in November 2013 was affected by the shutdown of the Federal government in October 2013. Between November 2013 and November 2014, the region’s decrease in closed sales was driven by three jurisdictions: Alexandria City (-11.9 percent), Fairfax County (-9.2 percent) and Montgomery County (-2.3 percent). For the region as a whole, not all property segments had fewer closed sales than last year, and single-family detached home sales increased by 6.3 percent.

Posted on December 10, 2014 by Corey Hart
Dec

10

2014

Modest decrease in median sales price versus 2013; Closed sales up in all jurisdictions

OVERVIEW

In November, the Baltimore Metro Area housing market continued to have increased buyer activity. Closed sales increased for all property segments and for all jurisdictions in the region. Of the jurisdictions, Baltimore County had the largest increase in sales from last November, rising 14.9 percent. New pending contracts also increased from last year for all property segments. Seller activity continues to improve, though the pace of new listing growth slowed in November. Inventory continues to be above year-ago levels and every property segment had double-digit gains. The median sales price decreased from November 2013 and has now been below its 2013-level for five months this year. The decline in median sales price was driven by single-family detached homes and condo properties. The median sales price of townhomes rose, which was the first increase for the property segment in eight months.

Click here to view PDF version of this report

Posted on November 10, 2014 by Corey Hart
Nov

10

2014

New contracts miss last year's mark by two percent, increase for non-distressed property contracts

OVERVIEW

The housing market trends in October in the Washington DC Metro Area were little changed from prior months.  The number of closed sales in the region fell 2.8 percent from the October 2013 level, but the decline was driven entirely by a decrease in distressed property sales.  Sales of distressed properties (foreclosures and short sales) have been decreasing since mid-2010 and declined 21.5 percent between October 2013 and October 2014.  Non-distressed sales in October were actually unchanged from last year.  New pending contracts also saw an overall decrease, but as with closed sales, the decline was largely the result of fewer contracts for distressed properties.  New contracts for distressed properties were 16.2 percent below the October 2013 level, while those for non-distressed homes increased by 1.4 percent. 

Click here to view PDF version of this report

The median sales price for the region increased 5.3 percent from October 2013 with gains in every jurisdiction.  Active listings continue to rise but are only 46.0 percent of their peak-level of 2007.  The median days-on-market increased, marking the ninth month of year-over-year increases.  But homes continue to sell more quickly than the five-year and 10-year October averages.

Posted on November 07, 2014 by Corey Hart
Nov

07

2014

New contract activity hits highest October-level in nine years; REO listings and sales growth continues

OVERVIEW

The Baltimore Metro Area housing market had its highest year-over-year increase in closed sales since last fall, increasing 13.1 percent.  Every jurisdiction in the region had more closed sales than in last October, with the largest increases in Baltimore City (+21.2 percent) and Carroll County (+21.1 percent).  New pending contracts for the region also increased from last year, rising 16.6 percent.  Bank-owned (REO) properties played a role in this growth as new contracts for REO listings more than doubled compared to last October. The median sales price for the region was virtually unchanged, rising only 0.3 percent, though pricing for non-distressed properties rose 4.3 percent. The number of active listings increased 20.9 percent, bringing inventory to 70.8 percent of its peak-level.  New listings contributed to these gains, rising 11.7 percent from last year.

Click here to view PDF version of this report

Posted on October 10, 2014 by Corey Hart
Oct

10

2014

Increase in closed sales led by detached homes; New pending sales up six percent

OVERVIEW

In September, both buyer and seller activity in the Baltimore Metro Area increased relative to 2013.  The number of closed sales and new pending contracts increased from this time last year and both reached multi-year September highs.  Nearly every jurisdiction in the region had more closed sales than in September 2013, with only those in Anne Arundel County decreasing, falling by 5.2 percent.  Inventory continues to rise with active listings reaching the highest total in nearly three years.  New September listings contributed to rising inventory and had a double-digit increase from last year.  The median price was virtually unchanged from last year, dropping only 0.1%, but was higher than the September-levels of 2009 through 2012.  The year-to-date median sales price is $244,000, unchanged from the same period in 2013.

RBI Sign In




Forgot password? Click here...

Blog Archive