Posted on August 10, 2011 by Corey Hart
Aug

10

2011

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

 

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OVERVIEW

More sales contracts were signed in Baltimore last month than any July since 2007 but prices still fell 4.5 percent—the first monthly decline since March.  On a month-to-month basis, sales activity dropped more than the seasonal average, suggesting demand is weakening. July sales contracts fell 6.9 percent from June but they are still 24.5 percent above July 2010.

 

Posted on August 10, 2011 by Corey Hart
Aug

10

2011

Home sales down more than normal for this time of year; still strong when compared to July 2010 reports

Rockville, MD (August 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 July 2011 RBI Pending Home Sales Index™ released today:

 

View PDF version of this release

 

OVERVIEW

The number of contracts signed for the month of July fell 10.9% from June, a larger decline than the 7.5% ten year average.  While month-over-month contract activity tends to decline in July, the debt ceiling debate dominating media coverage for most of the month probably caused consumers to pause before making a purchase decision.  Even with the hesitation, new pending sales reached their highest June total in six years.   The 29.3% year-over-year July increase in pending sales activity was a result of last year’s lull in market activity in the months that followed the April 2010 contract signing deadline to qualify for the federal homebuyer tax credit.  Median sales price slipped in July to $370,000, consistent with seasonal patterns after reaching a three year high of $379,990 in June.

 

Posted on July 11, 2011 by Corey Hart
Jul

11

2011

 

June’s Pending Sales Total Hit 5,124 – Highest Since 2005; Median Sales Price Increased 7.3% Year-over-Year, Highest Level in Nearly 3 Years

 

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Rockville, MD – (July 11, 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 June 2011 RBI Pending Home Sales Index™ released today:

 

Posted on July 11, 2011 by Corey Hart
Jul

11

2011

Buyers and Sellers Signed 2,585 Contracts in June – Most Since 2007 – Though Market Saw 5.3% Month-over-Month Seasonal Decline in New Pending Sales. Median Sales Price Increased 6.1% Month-over-Month to $235,500 but Remained 5.8% Below Last Year’s Level.

 

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Posted on June 10, 2011 by Corey Hart
Jun

10

2011

May Pending Sales Show Seasonal 0.7% Rise From April; 53.7% Year-Over-Year Surge Reflects Last Year’s Lull After Tax Credit Deadline. Median Sales Price Rises Higher At Second Slowest Rate Year-To-Date In Decade

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

 

View PDF version of this press release

OVERVIEW:

Buyers and sellers signed 2,731 contracts in the month of May, 0.7% more than in April and 53.7% more than during the same month last year.  The month-over-month increase in newly signed contracts was consistent with seasonal trends but the year-over-year spike was an anomaly as a result of last year’s 48.7% April to May drop in pending sales after the April 30 federal homebuyers tax credit-related contract signing deadline expired.  While the median sales price increased 3.2% to $221,950 in May 2011 from the prior month, it remained 5.1% below the median sales price of $234,000 in the same month last year.  Median sales has edged 5.7% higher since January, the second lowest rate of increase in a decade.

 

 

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