Posted on January 10, 2012 by Corey Hart
Jan

10

2012

Foreclosed Inventory & Sales Down Sharply to Close 2011

Rockville, MD – (January 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 December 2011 RBI Pending Home Sales Index™ released today.

 

 

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OVERVIEW

The number of contracts signed in the Washington, D.C. Metro Area for the month of December outpaced the five-year December average pace by 22.1%.  The 3,169 closed sales represented an 8.3% month-over-month increase from November, consistent with seasonal patterns. Inventory levels continue to shrink compared to years past, with 10,684 active listings to end the year representing the lowest level since August 2005.  Foreclosed inventory is down sharply year-over-year as 58.5% fewer foreclosed properties were newly listed compared to December 2010.

 

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Posted on January 10, 2012 by Corey Hart
Jan

10

2012

December Signed Contracts Down 18.3% from November, Consistent with Seasonal Patterns

Rockville, MD – (January 10, 2012) – The following analysis of the Baltimore, Maryland Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the December 2011 RBI Pending Home Sales Index™ released today.

 

View PDF version of this release

OVERVIEW

Baltimore Metro Area inventory ended 2011 at the lowest level since April 2006 with 12,758 active listings. There was a significant decline in the share of the active market made up by foreclosures compared to 2010, though short sale listings market share was up. The 1,827 new listings entering the market was the lowest level on record and marked a 32.1% decline from December 2010. Signed contract activity was consistent with seasonal expectations, decreasing 18.3% from November, while closed sales exceeded seasonal patterns with a 6.2% month-over-month increase. Sales prices remained stable with a nominal decline from November, though the median price for townhouses exceeded expectations with an annual appreciation of 8.1%. 

 

Posted on January 05, 2012 by Corey Hart
Jan

05

2012

Don't beat yourself up - you can still save   

While the discount has dropped a bit from the December sale, rbiEXPERT is still being offered at an exceptionally low rate - those interested in the yearly subscription can still purchase it for $299.90. That's 12 months for the price of 10 - two months free!   

Sign up for rbiEXPERT Annual

 

Current rbiPRO customers

rbiPRO subscribers can upgrade to the annual rbiEXPERT option to take advantage of this great discount. While the current monthly rate for rbiPRO is $19.99, this $299.90 offer for rbiEXPERT averages out to $24.99 per month - only 5 bucks more per month!  You’ll now have smartphone access to Stats Where You’re At with rbiMOBILE and be able to compare up to 5 areas on a single Interactive Chart.  And coming very soon, rbiFOCUS, a new feature exclusively for rbiEXPERTs will give you the ability to combine multiple criteria (year built, house type, beds, price, lot size, zip, waterfront, etc.) to get the specific trend you’re looking for.

Once you confirm the upgrade, you will be credited a prorated amount for whatever is left on your current month's subscription and charged the remainder of the $299.90 (plus tax for DC customers).

Upgrade to rbiEXPERT Annual

 

Current rbiEXPERT customers

Fret not existing rbiEXPERTs, you too can still take advantage of these savings. To switch over to the annual plan and get your 2 free months, be sure you're logged in and click the link below. Once you confirm the change over to the annual subscription, you will be credited a prorated amount for whatever is left on the current month's subscription and charged the remainder of the $299.90 (plus tax for DC customers).

Switch to rbiEXPERT Annual

 

rbiEXPERT
Posted on December 14, 2011 by Corey Hart
Dec

14

2011

Act now to save in 2012!

RBI is pleased to announce a discounted Annual Subscription option for rbiEXPERT. The standard rate for the Annual Subscription will be $299.90 (12 months for the price of 10) starting January 1st, but for the rest of this year the price is $269.91. That’s 12 months for the price of 9 -- 25% off!.

Sign up for rbiEXPERT Annual

 

Current rbiPRO customers

rbiPRO subscribers can upgrade to the annual rbiEXPERT option to take advantage of this great discount. While the current monthly rate for rbiPRO is $19.99, this $269.91 offer for rbiEXPERT averages out to $22.49 per month - a difference to you of only $2.50!  You’ll now have smartphone access to Stats Where You’re At with rbiMOBILE and be able to compare up to 5 areas on a single Interactive Chart.  And coming very soon, rbiFOCUS, a new feature exclusively for rbiEXPERTs will give you the ability to combine multiple criteria (year built, house type, beds, price, lot size, zip, waterfront, etc.) to get the specific trend you’re looking for.

Once you confirm the upgrade, you will be credited a prorated amount for whatever is left on your current month's subscription and charged the remainder of the $269.91 (or $286.10 with tax for DC customers).

Upgrade to rbiEXPERT Annual

 

Current rbiEXPERT customers

Fret not existing rbiEXPERTs, you too can take advantage of these savings. To switch over to the annual plan and get your 3 free months, be sure you're logged in and the link below. Once you confirm the change over to the annual subscription, you will be credited a prorated amount for whatever is left on the current month's subscription and charged the remainder of the $269.91 (286.10 with tax for DC customers).

Switch to rbiEXPERT Annual

 

Posted on December 12, 2011 by Corey Hart
Dec

12

2011

As we touched on in the November DC market analysis, there has been a significant drop-off in market activity for foreclosed properties. The top four graphics highlight this decline, but you'll also notice an uptick in short sales during the same time period. The last two graphs illustrate how these shifts can impact median sales price trends.  Note that the median sales price for "standard" sales (those not involving a short sale or foreclosure) is up 3.4% compared to November 2009 while the median sales price for bank-mediated inventory is down significantly over the same period: 23% decline for foreclosures, 20% decline for short sales.

 

 

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