Posted on February 10, 2016 by Corey Hart
Feb

10

2016

Prices dip 2.5% though closed sales up in all segments

Rockville, MD – (February 10, 2016) – 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 January 2016 MRIS housing data.

Click here to view PDF version of this report

Posted on January 13, 2016 by Corey Hart
Jan

13

2016

Closed sales up 9 percent annually; Prices gain only 1 percent for second straight year, remain 24 percent higher than 2009’s bottom levels

Rockville, MD – (January 13, 2016) – 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 year-end 2015 MRIS housing data.

OVERVIEW

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

RBI Sign In




Forgot password? Click here...

Blog Archive