Posted on January 17, 2012 by Corey Hart
Jan

17

2012

So it's a long graphic, but scan around to see how your county fared - you might be surprised to see a drop from 2010 to 2011. While some are anticipating an uptick in foreclosures with the robo-signing scandals in the rearview mirror, here's hoping 2012 will continue this positive trend in fewer foreclosures in the Mid-Atlantic Market. 42 of the 56 jurisdictions included in the chart below experienced year-over-year declines in the percentage of sales involving foreclosed properties!

 

Note, these figures should be considered preliminary, as RBI will publish final Year End stats in February. It's not expected that the shares below will change much once the Year End numbers are finalized.

 

 

market analysis
Posted on January 10, 2012 by Corey Hart
Jan

10

2012

 

Posted on January 10, 2012 by Corey Hart
Jan

10

2012

 

Posted on January 10, 2012 by Corey Hart
Jan

10

2012

Foreclosed Inventory & Sales Down Sharply to Close 2011

Rockville, MD – (January 10, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the December 2011 RBI Pending Home Sales Index™ released today.

 

 

View PDF version of this release

OVERVIEW

The number of contracts signed in the Washington, D.C. Metro Area for the month of December outpaced the five-year December average pace by 22.1%.  The 3,169 closed sales represented an 8.3% month-over-month increase from November, consistent with seasonal patterns. Inventory levels continue to shrink compared to years past, with 10,684 active listings to end the year representing the lowest level since August 2005.  Foreclosed inventory is down sharply year-over-year as 58.5% fewer foreclosed properties were newly listed compared to December 2010.

 

Comments: 1 |
Posted on January 10, 2012 by Corey Hart
Jan

10

2012

December Signed Contracts Down 18.3% from November, Consistent with Seasonal Patterns

Rockville, MD – (January 10, 2012) – The following analysis of the Baltimore, Maryland Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the December 2011 RBI Pending Home Sales Index™ released today.

 

View PDF version of this release

OVERVIEW

Baltimore Metro Area inventory ended 2011 at the lowest level since April 2006 with 12,758 active listings. There was a significant decline in the share of the active market made up by foreclosures compared to 2010, though short sale listings market share was up. The 1,827 new listings entering the market was the lowest level on record and marked a 32.1% decline from December 2010. Signed contract activity was consistent with seasonal expectations, decreasing 18.3% from November, while closed sales exceeded seasonal patterns with a 6.2% month-over-month increase. Sales prices remained stable with a nominal decline from November, though the median price for townhouses exceeded expectations with an annual appreciation of 8.1%. 

 

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