Posted on December 10, 2015 by Corey Hart
Dec

10

2015

Steady growth in new pending sales; Prices unchanged as inventories rise modestly versus 2014

Rockville, MD – (December 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on November 2015 MRIS housing data.

OVERVIEW

The Washington, D.C. housing market continued to see solid increases in closed and pending sales in November, with pending sales at the best levels in a decade.  Median sales prices were unchanged from last year but up 1.5% from last month.  Inventories continue to grow at rate similar to the last several months, driven by the highest November level of new listings in five years.

November closed sales of 3,347 were up 10.2% compared to last year and down 13.5% compared to last month.  New contracts of 4,186 were at the highest November level in at least a decade, up 7.4% compared to last year although down 12.7% compared to last month.  The overall median sales price of $405,000 was unchanged compared to last year and up 1.5% or $6,000 compared to last month.  Median prices for townhomes rose 2.4% to $407,000 and single-family detached rose 2.2% to $485,000, while condos declined 6.1% to $291,000.  Compared to last month, single-family detached prices were up 2.6%, townhomes were up 2.5% and condos were down 4.6%.

Click here to view PDF version of this report

Posted on November 10, 2015 by Corey Hart
Nov

10

2015

New pending sales increase 7.8% in October; Inventories up for 25th consecutive month though rate of growth continues to decline

Rockville, MD – (November 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on October 2015 MRIS housing data.

OVERVIEW

The Washington, D.C. Metro Area housing market continued to see increases in closed and pending sales in October, with pending contracts at the best levels in a decade.  Median sales prices were comparable to both last year and last month.  Inventories continue to grow, driven by the highest October level of new listings since 2007, but at a continually slowing rate. 

There were 3,871 closed sales in October, up 2.3% compared to last year and down 6.0% compared to last month.  New contracts of 4,794 were at the highest October level in at least a decade, up 7.8% compared to last year and 0.3% compared to last month.  The overall median sales price of $399,000 dipped an insignificant $1,000 or 0.3% compared to both last month and last year.  Condos saw median prices rise 0.5% to $305,000, while single-family detached fell 1.6% to $472,500 and townhomes declined 0.2% to $397,250.  Compared to last month, condos were up 3.4%, while single-family detached were down 3.1% and townhomes were down 0.7%.

Click here to view PDF version of this report

Posted on October 12, 2015 by Corey Hart
Oct

12

2015

Region sees double-digit percent gains in closed sales and contracts

Rockville, MD – (October 12, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on September 2015 MRIS housing data.

OVERVIEW

The Washington, D.C. housing market began the fall season with very strong sales activity.  Pending sales are at their highest September level in at least a decade, while sold activity is at the highest September level since 2006.  Median sales prices rose slightly and overall inventories increased, although the inventory growth rate continues to slow.  Median days-on-market increased by one.

There were 4,117 closed sales in September, which represents the highest level of September sales since 2006.  Closed sales were up 15.4% compared to last year and down 8.8% over last month.  New contracts were at the highest September level in at least a decade; at 4,781 the number of new contracts was up 12.5% over last year and up 1.4% over last month.  The overall median sales price rose 2.6% to $400,000.  All property types experienced increases in median sales price, with condos up 3.5% to $295,000, single-family detached up 2.7% to $487,750 and townhomes up 2.6% to $400,000.  Month-over-month prices were down by 2.7% overall, with single-family detached down 2.5%, condos down 2.4% and townhomes unchanged.

Click here to view PDF version of this report

dc metro, press release
Posted on September 10, 2015 by Corey Hart
Sep

10

2015

Closed sales up for ninth straight month; Prices dip slightly for first time this year

Rockville, MD – (September 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on August 2015 MRIS housing data.

OVERVIEW

The Washington, D.C. Metro housing market ended the summer season with strong sales activity.  Pending sales are at their highest August levels in a decade, while sold activity is at the third highest August level in a decade.  Median sales prices dipped slightly, overall inventories increased, although at a slightly slower pace than recent months, and median days-on-market increased to 25 days.    

The 4,515 closed sales in August represent a 7.8% increase from last year, although they are down 13.6% from last month.  New contracts rose by 10.6% from August 2014 to 4,713, and dropped 9.7% compared to last month. This marks the sixth consecutive month that all market segments have experienced year-over-year increases in both closed sales and new contracts.  The overall median sales price dipped a slight 1.0% to $411,000.  The median sales price for single-family detached declined 3.9% to $500,000, while townhome prices remained flat at $400,000 and condos increased 0.8% to $302,250.  Month-over-month prices were down 9.1% for single-family detached and down 2.4% for townhomes, although condo prices rose 4.2%.

Click here to view PDF version of this report

Posted on August 10, 2015 by Corey Hart
Aug

10

2015

Pending contracts and sales growth continues to hit double-digit percent gains; Prices remain near record highs

Rockville, MD – (August 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on July 2015 MRIS housing data.

OVERVIEW

The Washington, D.C. Metro housing market enjoyed another strong month in July, with both closed and pending sales at their highest July levels in a decade.  Median sales prices continue to rise very slowly, and median days-on-market remain very low.  Closed sales of 5,225 represents a 15.1% increase from July 2014, although they are down 7.6% from June 2015.  New contracts increased by 9.4% from July 2014 to 5,221, although they did drop 9.3% compared to last month. All market segments experienced year-over-year increases in both closed sales and new contracts.  The year-over-year overall median sales prices rose 1.1% to $432,500, which nearly matches the previous July high of $435,000 seen in 2007.  The median sales price for single-family detached rose 2.8% to $550,000, while townhome prices dropped 1.9% to $410,000 and condos decreased 3.3% to $290,000. 

Click here to view PDF version of this report

RBI Sign In




Forgot password? Click here...