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.

Posted on October 10, 2014 by Corey Hart
Oct

10

2014

Median sales price increases less than one percent; Contracts and closed sales both exceed five-year September averages

OVERVIEW

The Washington DC Metro area housing market in September continued the trends seen throughout the year, with buyer activity lower than its year-ago levels and seller activity continuing to rise.  Closed sales decreased 2.2 percent from September 2013, but were higher than their 2010, 2011 and 2012 totals.  Year-to-date closed sales are 4.3 percent lower than in the same period in 2013, but 7.2 percent higher than in 2012 and 12.4 percent higher than in 2011.  In September, there were increases in closed sales in four jurisdictions: Falls Church City (+122.2 percent), Arlington County (+10.3 percent), Montgomery County (+1.5 percent), and Washington, DC (+0.7 percent). 

Posted on October 10, 2014 by Corey Hart
Oct

10

2014

I noticed a slight change in some of the historical YTD numbers SmartCharts was reporting.  What's up with that?

When we upgraded to SmartCharts from rbiEXPERT, we had to rebuild our historical data to produce all the new metrics included in SmartCharts and to ensure the new metrics were reported on a consistent basis with the existing ones. This initially caused some of the historical long-period stats (Quarterly and YTD) values to be slightly under-reported. All historical data has been reprocessed. In most cases any variance was very slight, and neither the monthly stats nor the current period data were ever affected.

smartcharts
Posted on September 10, 2014 by Corey Hart
Sep

10

2014

Continued declines in contract activity and closed sales; No change in median sales price

OVERVIEW

Buyer activity in the Washington DC Metro area continued to be lackluster in August.  The number of closed sales decreased 9.3 percent from August 2013 and all property segments had fewer closed sales than last year.  Every jurisdiction in the region had declines in closed sales as compared to last year, which is the second time in 2014 for every jurisdiction to do so.  The largest decreases occurred in Fairfax City (-26.3 percent), Falls Church City (-25.0 percent), and Arlington County (-19.9 percent).  The number of new pending contracts also fell for all property segments and the total number declined by 6.0 percent from last August.  It should be noted, however, that both closed sales and pending sales continue to be above their 2010, 2011 and 2012 levels. The median sales price was unchanged from last August but both townhomes and condo properties had higher median sales prices than in August 2013.  The number of homes for sale continues to rise, but remains low.  Active listings reached their highest August-level in three years, but are only 43.1 percent of their peak-level.  New listings also rose from last year, marking the sixth consecutive month with year-over-year increases.

Click here to view PDF version of this report

Posted on September 10, 2014 by Corey Hart
Sep

10

2014

Mild increase in closed sales; Prices dip slightly from last year

OVERVIEW

The housing market in the Baltimore Metro Area continued its mixed performance in August.  The number of closed sales increased 1.1 percent from last year, driven by townhomes, which were the only property segment with sales growth.  The number of new pending contracts also increased, rising 7.7 percent from last August.  Every property segment had gains in new pending contracts.  But the median sales price decreased 2.8 percent from August 2013, with declines for all property segments.  This is the second consecutive month of year-over-year declines in the median sales price and the first time in nearly three years for every property segment to decline.  The number of homes for sale continues to rise and active listings increased 24.0 percent from last year, but only reached 69 percent of their peak-level.  New listings continue to contribute to this increase and have now risen from the prior year for 17 consecutive months.

Click here to view PDF version of this report

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