Posted on July 10, 2012 by Corey Hart
Jul

10

2012

Rockville, MD – (July 10, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on June 2012 MRIS housing data.

OVERVIEW

Median sale prices continue to climb through most of the Washington Metro Area.  Price gains, decreasing days-on-market (average down 10 days from June 2011), and a tightening sale-to-list price ratio (up 2.0 percentage points from June 2011) are evidence that the diminishing inventory of homes for sale in the region is having an impact on the market.  The DC Metro Area posted its 16th consecutive month of year-over-year declines in active listings, and the pattern appears to be holding as new listings in June are at a historic low.  The condo market is showing signs of strength, outpacing detached homes and townhomes in June on year-over-year growth in sales, median price gains, and new contracts.

Posted on June 11, 2012 by Corey Hart
Jun

11

2012

Diminishing supply continues

Rockville, MD – (June 11, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on May 2012 MRIS listing housing data.

Click here to view PDF version of this report

OVERVIEW

Inventory in the Washington region continues to shrink.  In May, the level of active listings was at its lowest May-level since 2005.  Additionally, the number of distressed property listings (foreclosures and short sales) is at the lowest level since MRIS began tracking this metric in April 2009.  The reduction in supply is putting upward pressure on prices, as evidenced by the 11 percent rise in the median sales price from May 2011.  This price gain reflects the fourth consecutive year-over-year gain, and the second consecutive double-digit increase for home prices in the region.  These trends, coupled with decreasing Days on Market (average down 17.6 percent from May 2011), and an increasing sale-to-list price ratio (up 1.9 percent from May 2011) signal that it is a Seller’s market heading into the summer months.

Posted on May 10, 2012 by Corey Hart
May

10

2012

Shrinking Overall Supply and Declines in Foreclosures Continue Recent Trends

Rockville, MD (May 10, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the April 2012 RBI Pending Home Sales Index™ released today.

 

Click here to view PDF version of the DC Metro housing analysis

OVERVIEW

Pricing in the DC Metro Area continued recent positive trends with a year-over-year Median Sale Price gain of 11.2 percent, the highest annual gain in over six years. Active inventory remains low compared to demand, with only 3.2 months of supply. This not only put upward pressure on pricing, but resulted in significant declines in Days on Market prior to sale and the percent of Original List Price discounted at settlement. Traditional listings, or those not involving a short sale or foreclosure, represented the highest proportion of closed sales since the foreclosure wave was at its peak. While new contract activity was up 9.5 percent over April 2011 levels, the percent change vs. last month was well below normal seasonal patterns.

Comments: 4 |
Posted on May 03, 2012 by Corey Hart
May

03

2012

Three consecutive months of positive year-over-year change for a variety of key indicators in the DC Metro region. Hover over any of the bars to compare the figures. Let's hope these trends continued into a fourth consecutive month. Stay tuned...April stats to be released next week (on the 10th at 10AM).

 

Click here to see our full DC Metro March analysis published on the 10th of April.

Posted on April 18, 2012 by Corey Hart
Apr

18

2012

Part II of our deep-dive into ZIP Code data for the 1st quarter of 2012 for the Greater DC Area looks at leading ZIP codes according to Median Sale Price trends, including:

  • Most Expensive ZIP Codes by median sale price
  • ZIP Codes with Biggest Jump in median sale price (YoY)
  • Most Affordable ZIP Codes by median sale price
  • ZIP Codes with Biggest Dip in median sale price (YoY)

 

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