Posted on May 10, 2011 by Corey Hart
May

10

2011

Pending Sales 15.9% Below Prior Year Tax Credit Fueled Surge; 4.8% Below March Rush. Median Sales Price Essentially Unchanged Year-Over-Year

Rockville, MD (May 10, 2011) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by housing market expert Jonathan Miller of Miller Samuel, based on the April 2011 RBI Pending Home Sales Index™ released today:

 

 

OVERVIEW

April buyers and sellers in the Washington, D.C. metro area signed 5,170 purchase contracts, the second highest April since 2006.  The total was second only to the April 2010 surge in activity related to the final days of the federal homebuyer tax credit.  Pending sales in April fell to 5,170, 4.8% short of the heavy volume reached in March, partly a result of last month’s release of pent-up demand accumulated during the post-tax credit expiration lull in the second half of 2010.  The April 2011 median sales price was $334,000, nominally below $335,000 reached in same month last year and 4.4% above $320,000 in March.  The month over month increase was consistent with seasonal patterns.

 

Posted on May 10, 2011 by Corey Hart
May

10

2011

The Q1-2011 MRIS Economic and Market Watch Report has been published and can be viewed here:

MRIS Economic and Market Watch Report - 1st quarter (PDF)
 

To find historical versions of this quarterly report, use the "Get Reports" widget on the RBI home page or find them on the "Reports" tab of the Mid-Atlantic stats page.  Coming soon, RBI will be integrating quarterly and yearly increments into our Interactive Chart offerings, stay tuned...

market analysis
Posted on April 29, 2011 by Jonathan Miller
Apr

29

2011

The National Association of Realtors just released their Pending Home Sale Index that shows contract signings from February to March increased 5.1% adjusted for seasonality.  

Posted on April 19, 2011 by Corey Hart
Apr

19

2011

Visit the Videos section to view the video for your region. Below is Northern Virginia!

Don't forget that you can upload these videos to your blog, website, and Facebook to keep your friends and clients engaged!

 

market analysis, videos
Posted on April 11, 2011 by Corey Hart
Apr

11

2011

March Signed Contracts Jump 33.1% Over February; Median Sales Price Down 11.1% Year‐Over‐Year, Lowest Since April 2004

 

Rockville, MD – (April 11, 2011) – The following analysis of the Baltimore Metro Area housing market has been prepared by housing market expert Jonathan Miller, based on the March 2011 RBI Pending Home Sales Index™ released today:

 

OVERVIEW:

The number of signed contracts surged 33.1% month‐over‐month to 2,857, the highest March total since 2007 and the third consecutive monthly increase. Despite the rise in pending contract activity, median sales price fell for the 5th consecutive month declining to $200,000, 11.1% below the March 2010 result and the lowest since April 2004. The region is still feeling the impact of the expiration of the federal homebuyers tax credit last April that was followed by a sharp decline in sales activity through the end of 2010 helping to push values lower.

 

 

RBI Sign In




Forgot password? Click here...