Posted on July 10, 2013 by Corey Hart
Jul

10

2013

Growth trend for new listings continues, good news for buyers; Lowest median days-on-market since the end of 2005, sellers take notice

OVERVIEW

The Baltimore Metro Region housing market continues to show signs of strength relative to last year, and some indicators are at multi-year highs.  Sales and new pending contracts rose at double-digit rates for the third month in a row, and the median sales price is nearing its pre-recession level.  The number of active listings in the market continues to fall, and remains at an 8-year low.  New listings on the other hand are trending upward, growing at a double-digit rate for the third consecutive month.  The condo market has rebounded considerably from last year, and led all property segments in terms of growth rate for several indicators including sales, new contacts, and new listings. 

Click here to view PDF version of this report

Posted on June 10, 2013 by Corey Hart
Jun

10

2013

Lowest median days-on-market since the peak of the housing boom

OVERVIEW

The housing market in the Washington DC Metro Area continues to post strong growth as we approach the summer season.  Sales are at a seven-year high for May, and new contracts are back to peak housing boom levels.  The median sale price for the region is rising and posted the highest May level on record. The median sale price is now over $30,000 higher than May 2012, and over $70,000 higher than May 2011.  It appears that the rising price points could be enticing more sellers to enter the market, as new listings are up nearly 20 percent from this time last year, reflecting back-to-back months of double-digit growth for this indicator.

Click here to view PDF version of this report 

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. 

Click here to view PDF version of this report

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. 

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