Posted on June 10, 2013 by Corey Hart
Jun

10

2013

Median days-on-market at a seven-year low

OVERVIEW

Market indicators continue to improve in the Baltimore Metro Region as we head into summer.  Sales and new pending contracts increased at double-digit rates for the second month in a row, and the median sales price resumed growth after falling flat last month.  The inventory of homes for sale remains at an 8-year May low across all property segments.  Despite the continual inventory shortage, new listings are showing signs of life and are up nearly 20 percent from this time last year, reflecting back-to-back months of double-digit growth for this indicator. 

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Posted on May 16, 2013 by Corey Hart
May

16

2013

As reported in the RBI Housing Market Update for April, homes sold in the DC Metro area are spending a median of 11 days on the market, the lowest level for the region in 8 years. Yesterday, we provided our friends over at DC Urban Turf with the Top 10 fastest moving ZIP codes in DC and DC Metro area (see their article here). 

Here's UrbanTurf's chart for the DC area:

But, if we had to award a Gold Medal in the April sales sprint, it would go to Sterling's 20164.

Posted on May 10, 2013 by Corey Hart
May

10

2013

Lowest days-on-market in 8 years; Active listings remain low, however new listings spike for the 1st time in 2 years

OVERVIEW

Market indicators point to a healthy spring market in the Washington DC Metro Region.  Sales and median prices continue to rise, and new contract activity is up after several months of declines.  The low inventory of homes for sale coupled with strong demand on the buyer side is fueling much of the market growth. While active listings remain historically low, new listings spiked in April, possibly an early sign of a changing pattern.  The rise in new listings could indicate that sellers are starting to be drawn into the market by higher price points and faster sale times. 

Posted on May 10, 2013 by Corey Hart
May

10

2013

Prices remain flat; Active listings remain historically low, but new listings rise sharply

OVERVIEW

After a slow start to the year, demand continues on an upward trend in the Baltimore Metro Area housing market.  Sales and new pending contracts both rose at double-digit rates relative to last year, evidence of improved confidence among buyers.   Despite the demand pressures, the median price remained flat in the region, rising only $500 from last year.  There were increases in median price at the jurisdiction level, however many were slower than in recent months. 

Posted on April 10, 2013 by Corey Hart
Apr

10

2013

Double-digit sales growth for condos and townhomes; single-family home sales drop; Low inventory continues to push up prices, DC posts highest median price on record

OVERVIEW

Signs of spring are in the air, and the DC Metro housing market continues to pick up steam. Sales and median prices are up from this time last year, and days-on-market is at its lowest level in over seven years. The low inventory of homes for sale continues to play a major role in the market. Active listings have dropped by nearly 20,000 since their fall 2007 peak, and the proportion of townhome listings is now the lowest on record. Interestingly the trend of rising sales and declining new contracts has continued in the region.

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