Posted on November 12, 2013 by Corey Hart
Nov

12

2013

Inventory remains tight...but the roller coaster ride might be over

Flashback. It is March 2006. New listings are up for the 13th consecutive month and contract activity is down for the 11th month in a row. Inventory has nearly quadrupled in the course of one year (from 4,152 listings in March 2005 to 15,640 in March 2006).

Posted on November 11, 2013 by Corey Hart
Nov

11

2013

Median price increases for all jurisdictions in the region

Overview

Demand in the Washington DC Metro Region housing market continues to grow, with sales and pending contracts increasing 19.1 percent and 1.7 percent, respectively, from last October.  Total inventory increased from the prior year for the first time in over two years, driven by townhomes and condo properties.  Despite the uptick in active listings, total inventory is still at historic lows and is only 35.7 percent of its 2007 peak level.  New listings increased 19.2 percent from this time last year and contributed to the increase in total inventory.  The median sales price increased in all jurisdictions as compared to last October.  The regional median sales price also increased 4.8 percent from last year, which is a slower pace than earlier this year primarily as a result of a slower increase in the median sale price of single-family detached homes. 

Posted on November 11, 2013 by Corey Hart
Nov

11

2013

Increase in active listings for all property segments

OVERVIEW

Demand in the Baltimore Metro Region remained steady in October, with sales and pending contracts increasing 15.2 percent and 2.6 percent, respectively, from last October.  Total inventory increased from the prior year for the first time in over two years, with increases in all property segments.  Despite the rise, total inventory is still at historic lows and is only 58.6 percent of its 2008 peak level.  New listings increased 26.5 percent from last October and contributed to the increase in total inventory.  The median sale price increased by 3.6 percent from this time last year and was the 21st consecutive increase for this indicator.  Townhomes led the growth in closed sales, while condo properties led the growth in median sale price.

Posted on October 10, 2013 by Corey Hart
Oct

10

2013

Double-digit growth for new listings for the sixth straight month

OVERVIEW

Activity in the Washington DC Metro Region continues to be steady and strong as we enter fall.  Sales increased in September as compared to this time last year.  Pending contracts also increased, but at a slower rate than earlier this year.  The increase in pending contracts was driven by condos and detached homes.  Total inventory continues to decline, but as in prior months, the pace of the decline is slowing.  Both townhomes and condos had year-over-year increases in active listings, but were offset by the decline in detached home listings.  Median sales prices reached their highest September-level in six years likely as a result of strong demand and tight supply.  Condo properties led the growth in closed sales while detached homes had the highest increase in median sales price.  Favorable market conditions continue to cause new sellers to enter the market, resulting in a 16.5 percent increase in listings from this time last year.  This is the sixth consecutive double-digit increase for this indicator.  Homes are selling quickly; the median-days-on-market was 17 days in September, which is the lowest September-level since the peak of the housing boom in 2005.  Federal uncertainty may play a stronger role over the coming months as the impact of the Federal Shutdown and debt ceiling are felt.

Click here to view PDF version of this report

Posted on October 10, 2013 by Corey Hart
Oct

10

2013

Decline in active listings mildest in over two years; Double-digit growth for new listings for the sixth straight month

OVERVIEW

Activity in the Baltimore Region continues to be steady and strong as we enter fall.  Sales and pending contracts increased in September as compared to this time last year.  Inventory continues to decline, but as in prior months, the pace of the decline is slowing.  Median sales prices reached their highest September-level in five years, likely as a result of strong demand and tight supply.  Condo and townhome properties led the growth in both closed sales and median prices. There was a 21.9 percent increase in new listings from this time last year.

“Favorable market conditions continue to cause new sellers to enter the market,” said Jonathan Hill, President of RealEstate Business Intelligence. “This is the sixth consecutive month with double-digit percent increases in new listing activity compared to 2012.”  Homes are selling quickly; the median days-on-market was 35 days in September, which is the lowest September-level since the peak of the housing boom in 2005.  Federal uncertainty may play a stronger role over the coming months as the impact of the Federal Shutdown and debt ceiling are felt.

Click here to view PDF version of this report

RBI Sign In




Forgot password? Click here...

Blog Archive