Low Inventory Remains the Story in Baltimore Metro Market
Posted on February 10, 2012 by Corey Hart
Feb

10

2012

Foreclosures continue to decline, short sale market share up

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

View PDF version of this release

 

OVERVIEW

Baltimore Metro Area listing inventory ended January at the lowest level since April 2006, yet new contract activity was 2.5% higher than January 2011. Pricing continued along a stable course with a nominal year-over-year decline but the median sold price for townhouses showed a surprising year-over-year spike of 22.6%.  The market share of foreclosed listings in both sales and inventory continued the previous month’s trend of sharp year-over-year declines. New listing activity continued to decline compared to the same period last year, though there were 16.9% more short sales added in January compared to January 2011.

 

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Baltimore Metro Area, market analysis, press release
Lowest January Inventory Level Since 2005 in DC Metro Area
Posted on February 10, 2012 by Corey Hart
Feb

10

2012

Foreclosed Inventory & Sales Continue to Decline

Rockville, MD –(February 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 January 2012 RBI Pending Home Sales Index™ released today.

View PDF version of this release

OVERVIEW

Inventory levels continue to shrink in the Washington, D.C. Metro Area compared to years past, with only 10,095 active listings representing the lowest January level since 2005. Against this backdrop of reduced inventory, the number of contracts signed in January still managed to outpace the five-year January average by a sizable 22.0%. Foreclosed inventory is down sharply year-over-year with 67.2% fewer foreclosed properties for sale at month’s end compared to January 2011. The average sold price per square foot for foreclosed properties in January was less than half the $289 price per square foot level for traditional sales.

 

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DC Metro Area, market analysis, press release
New MarketWatch Videos are Up
Posted on January 23, 2012 by Corey Hart
Jan

23

2012

Visit the Videos tab to watch the latest video for your region, grab the auto-updating embed code to plug this great content into your website.  Here's the NoVa MarketWatch:

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videos
New Reports Coming in February
Posted on January 18, 2012 by Corey Hart
Jan

18

2012

We are excited to announce new features in February – new reports, exclusively for RBI customers designed to help you better explain market trends to your buyers and sellers.

Here is a snapshot of the features soon to come:

 

New Local Market Indicators Reports

Previously only available at the County Level, these will soon be available for every geo-level. See examples:

 

Mid-Atlantic (MRIS-wide) - Available to all visitors

Region - Available to all visitors

County - Available to all visitors

ZIP Code - Exclusively for rbiPRO and rbiEXPERT

 

New Local Market Indicator Reports - By Home Type

New reports containing key trends, infographics, and new narrative pertaining to a specific home type (e.g. condo/coop, detached, or townhouses). Examples:

 

Detached Properties - Exclusively for rbiEXPERT

Townhouse Properties - Exclusively for rbiEXPERT

Condos & Coops - Exclusively for rbiEXPERT

 

New Detailed Reports with Quarterly, Year End, and YTD Options

RBI will continue to provide the monthly Detailed Reports at all geo-levels.   We will continue providing the year-end reports for all MLS counties as MRIS has done in years past.  We're adding new Year End reports at the MLS, Region & ZIP level exlusively for RBI customers, as well as new Quarterly & Year-to-Date (YTD) reports. Examples:

 

Year End County - Available to all visitors

Year End ZIP & Region - Exlusively for rbiPRO and rbiEXPERT

Year to Date - Exclusively for rbiPRO and rbiEXPERT

Quarterly - Exclusively for rbiPRO and rbiEXPERT

 

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rbiEXPERT, rbiPRO
Important: Out with the Old, In with the New!
Posted on January 18, 2012 by Corey Hart
Jan

18

2012

Over the years, some of the static reports on RBI have become redundant or outdated as RBI has added new reports, charting tools and interactive heat maps which cover the entire MRIS service area.

 

Effective February 10, 2012, RBI will no longer publish the following reports: Weekly Market Activity, Monthly Housing Supply Outlook, and Monthly Market Indicators. If you publish these on your website, you'll want to update with the new reports highlighted in this blog post which will debut on rbintel.com February 10, 2012. The NAR Quarterly Economic & Market Watch Report, last updated in Q2 2011, will no longer be available online.

 

Archives of all previously published reports will be maintained offline.  In the event you find it necessary to reference a specific report, simply email info@rbintel.com and let us know which report you need.

 

Access to the Interactive Charts, the Detailed and Local Market Insight reports, and the Interactive Heat Maps will continue to be available free of charge to visitors interested in macro statistics covering the entire MRIS service area.

 

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