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 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.

 

 

Posted on April 11, 2011 by Corey Hart
Apr

11

2011

March Signed Contracts Jump 34.3% Over February; Median Sales Price Rises 3.2% Year‐Over‐Year

Rockville, MD – (April 11, 2011) – The following analysis of the Washington, D.C. 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:

Pending home sales jumped 34.3% month‐over‐month as the Washington, DC metro area entered the “spring market” with 5,432 signed contracts, the highest number for the month of March since 2006. The March total exceeded the federal homebuyers tax credit‐fueled total reached in the same month last year. With three consecutive months of increased pending sales activity, median sales price showed a seasonal increase of 6.7%, the first month‐over‐month increase since last October.

 

 

Posted on March 10, 2011 by Corey Hart
Mar

10

2011

RBI Pending Home Sales Index™ Reports a 33 Percent Jump Year-Over-Year; Home Prices Slip

Rockville, MD – (March 10, 2011) – According to data released today by RealEstate Business Intelligence (RBI), an MRIS company, the Washington, DC metro area housing market showed the largest year-over-year increase in pending home sales although housing prices remained weak.

 

“There was a 33 percent year-over-year increase in the number of contracts signed in February, the largest increase in more than a decade,” says housing market expert and RBI analyst Jonathan Miller. “The number of signed contracts remains 13.7 percent below the ten year average but activity has begun to expand.  Unusually restrictive mortgage lending conditions continue to keep housing prices in check.” 

 

Posted on March 10, 2011 by Corey Hart
Mar

10

2011

Rockville, MD (March 10, 2011) – According to data released today by RealEstate Business Intelligence (RBI), an MRIS company, the Baltimore metro area housing market showed gains in pending home sales in the first two months of 2011, reaching its highest level since April 2010 when the federal homebuyer’s tax credit expired.  However, housing prices have declined to levels last seen in 2004.

 

“Pending home sales increased 25.1 percent year-over-year in a manner consistent with seasonal expectations year to date in 2011,” says noted housing market expert and RBI analyst Jonathan Miller.  However, median sales price in February fell 9.5 percent from the same month last year.  The economic challenges of tight credit and above average unemployment levels continue to press housing prices lower.”

 

RBI Sign In




Forgot password? Click here...