Posted on December 10, 2013 by Corey Hart
Dec

10

2013

October's shutdown resulted in a sluggish November

OVERVIEW

Closed sales in the Washington DC Metro Region housing market stalled in November, likely due to the uncertainty caused by the shutdown of the federal government in October.  Closed sales decreased 13.7 percent from this time last year.  This is the first decline since March of last year and the largest decline in over two years.  Sales decreased 21.2 percent from last month, which is nearly five times the 10-year average October to November change.  Even with the decline in closed sales, the median sales price increased 8.1 percent from last year and median prices increased in every jurisdiction except Arlington County.  New pending contracts increased 3.3 percent from last November, but new pending contracts decreased both in Fairfax County (-1.5 percent) and Prince George’s County (-5.8 percent). 

Click here to view PDF version of this report

Posted on December 10, 2013 by Corey Hart
Dec

10

2013

Increase in active listings for all property segments

OVERVIEW

Buyer activity in the Baltimore Metro Region housing market was flat in November.  The typical winter slow-down in the region’s housing market was intensified somewhat by the shutdown of the federal government.  Closed sales increased 0.8 percent from this time last year, which is the slowest growth rate this year.  Sales decreased 10.2 percent from last month, which is nearly three times the 10-year average October to November change. 

Click here to view PDF version of this release

Posted on December 03, 2013 by Corey Hart
Dec

03

2013

A DSNews.com post - Are Cash Sales Creating a Dangerous Mirage? - covering the latest RealtyTrac report has been making its way around the Twitterverse today, with an ominous opening paragraph:

"Home prices and home sales have been rising over the past few years, pointing to a recovery in the housing market, but RealtyTrac warns that what we are seeing may not be a true recovery but instead a mirage created by investors—a dangerous mirage that could lead to trouble in the years to come."

According to the report, cash purchases made up nearly half of home sales across the nation in September. So we took a look at our local data to see how we compare to the national rate reported by RealtyTrac.  Fortunately the investor boogeymen artificially propping up prices doesn't appear to be "creating an unsustainable housing bubble" locally.  

Posted on November 21, 2013 by Corey Hart
Nov

21

2013

Our October videos were published yesterday...remember to go to the Videos page and embed the regional video for your market.  Just like our interactive charts, once you've done the one-time embed work (only takes a few clicks), the content will auto-update each month on your website.

Here's the October video for the Baltimore Metro region:

 

 

market analysis, videos
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).

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