DC Metro contract activity increases for fourth consecutive month
Posted on March 10, 2015 by Corey Hart
Mar

10

2015

February home prices, contracts and closed sales up over 2014 levels; Days-on-market up significantly with increased inventory levels

Rockville, MD – (March 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 February 2015 MRIS housing data

OVERVIEW

The Washington DC Metro housing market enjoyed a strong February, with year-over-year (Y-O-Y) increases in sales, prices, new contracts, inventories and median days-on-market compared to February 2014.  Closed sales increased by almost 1% from February 2014, while prices rose by 4%, new contracts rose by 7.7%, with all categories experiencing a rise, inventories rose 16.6%, and median days-on-market (DOM) rose by 50%.  The median price for single-family detached and townhomes each rose $10,000 to $470,000 and $385,000 respectively, while condos increased by $3,000 to $286,000.

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dc metro, market analysis, press release
Home sales and contracts up more than 20 percent in the Baltimore region
Posted on March 10, 2015 by Corey Hart
Mar

10

2015

21% gains in closed sales, 25% jump in February contract activity compared to 2014; Prices remain flat

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

OVERVIEW

The Baltimore Metro housing market saw large increases in sales, new contracts and inventories compared to February 2014, but a slight decline in prices.  Closed sales of 1,861 increased by 21.1% from February 2014.  Single-family detached median prices dipped -0.9% to $275,000 and townhomes experienced a 14.3% decline in median price to $150,000, while condos rose 0.1% to $185,000.  However, the median price for a non-bank-mediated home increased $5,000 to $260,000.

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baltimore metro, market analysis, press release
DC Metro housing market starts strong in 2015
Posted on February 10, 2015 by Corey Hart
Feb

10

2015

January home prices, contracts and closed sales up over 2014 levels

Rockville, MD – (February 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 January 2015 MRIS housing data.

 

OVERVIEW

The Washington DC Metro housing market started 2015 on a good note, with increases in sales, prices, new contracts and inventories compared to January 2014.  Closed sales increased by 4.5% from January 2014, and all property segments increased year-over-year.  While single-family detached prices remained flat at $450,000, townhomes and condos increased by 1.4% and 4.7% respectively.

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dc metro, market analysis, press release
Baltimore area sees double-digit gains in January home sales and contracts
Posted on February 10, 2015 by Corey Hart
Feb

10

2015

Foreclosure sales continue rising; Prices for non-distressed home sales jump 8.4 percent year-over-year

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

OVERVIEW

The Baltimore Metro housing market began the year well, with large increases in sales, prices, new contracts and inventories compared to January 2014.  Closed sales of 1,786 increased by 18.4% from January 2014.  Single-family detached median prices rose 7.6% to $285,250, condos rose 0.7% to $186,250, and townhomes experienced a substantial 26.9% increase in sales but a 15.9% decline in median price to $134,450. 

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baltimore metro, market analysis, press release
DC Metro prices hit December high, annual 2014 prices only 2 percent off 2007 peak
Posted on January 12, 2015 by Corey Hart
Jan

12

2015

8 percent jump in December sales; Contracts up 11 percent

OVERVIEW

The Washington DC Metro Area housing market ended on a positive note in 2014, with nearly every indicator performing better than in December 2013.  Closed sales increased 8.0 percent from 2013, the first year-over-year increase in 2014.  Only two jurisdictions had fewer closed sales than last December: Washington, D.C. (-2.2 percent) and Alexandria City (-0.6 percent).  The total number of closed sales for the year was 6.0 percent below the total number sold in 2013.  However, the total number of closed sales in 2014 was above the annual totals of every year from 2007 to 2012.  In December, the number of new pending contracts increased 10.8 percent from December 2013, marking the second consecutive month of year-over-year growth and boding well for next month’s closed sales count. 

Inventory also increased and both active listings and new listings were higher than in December of last year.  The median sales price was above its year-ago level, increasing 4.3 percent to reach the highest December-level on record.  The median sales price for the calendar year increased 1.4 percent from 2013, reaching the highest level since 2007.

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market analysis, press releases

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