Continued Gains in Median Sale Price in the DC Metro Area; Up 7.8% Year-over-Year
Posted on April 10, 2012 by Corey Hart
Apr

10

2012

Active Inventory Down over 25% from March 2011 Level

Rockville, MD – (April 10, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the March 2012 RBI Pending Home Sales Index™ released today.

View PDF version

OVERVIEW

Pricing in the DC Metro Area continued recent positive trends, with year-over-year median sale price gains in March and in the first quarter of 2012.  Active inventory remains low compared to demand, with only 3.2 months of supply. Foreclosures continue to account for a decreasing portion of the DC Metro market. March home sales were down slightly year-over-year, though new contract activity was up compared to March 2011.

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DC Metro Area, market analysis, press release
February Videos are Live!
Posted on March 16, 2012 by Corey Hart
Mar

16

2012

Here's the Baltimore Metro MarketWatch - Visit the Videos tab to view and embed the video for your region.

 

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market analysis, videos
Don't Forget - Free Trial of rbiEXPERT Still Available
Posted on March 15, 2012 by Corey Hart
Mar

15

2012

Try out rbiEXPERT tools in your next buyer/seller conversation for FREE!

NOW is the perfect time to give rbiEXPERT a Test Drive - while business is picking up but before what most folks are expecting will be a very busy spring market. 

Working with Sellers: Include information you learn from RBI in your next Listing Presentation and CMA. Explain where the market indicates their property is likely to sell and how long it will take.

Working with Buyers: Help your buyers avoid making low ball offers. Provide intuitive reports catered to the home type they are interested in, not some generic spreadsheet lumping in irrelevant sales activity.

Once you realize the benefits rbiEXPERT brings to your daily business, you'll wonder how you ever entered market conversations without it. 

 

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rbiEXPERT
YTD Pricing in DC Metro and Surrounding Counties
Posted on March 15, 2012 by Corey Hart
Mar

15

2012

Here's a chart comparing the YTD median sales price in DC Metro and surrounding counties YTD vs. the same period last year.  Every suburban county in Virginia is up so far, it'll be interesting to see how the first quarter finishes.

Product plug: These YTD numbers were all pulled via existing rbiEXPERT reports and the Quarterly numbers to be pulled next month will be as well - Test drive rbiEXPERT to find YTD figures for your ZIP code!

 

*County is part of DC Metro aggregate

 

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market analysis
Year-over-Year Gains in Sales Price and Contract Activity in DC Metro Area
Posted on March 12, 2012 by Corey Hart
Mar

12

2012

New Foreclosed Listings at Lowest Level since March 2008

Rockville, MD –(March 12, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the February 2012 RBI Pending Home Sales Index™ released today.

View PDF version of this analysis

OVERVIEW

The 2,507 homes sold in the Washington, D.C. Metro Area represent the highest February total since 2007. Inventory levels continue to decline with the 9,823 active listings to end the month representing the lowest supply of homes since August 2005. With 368 active foreclosures representing only 3.7% of the active market (the lowest level since July 2008) and the fewest new foreclosures entering the market since March 2008, pricing continues to stabilize with median sales price up 6.0% over February 2011 levels. 

 

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DC Metro Area, market analysis, press release

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