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 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:

 

View PDF version of this release

 

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 July 12, 2011 by Corey Hart
Jul

12

2011

RBI subscribers may have already noticed a bit more awesome in the interactive charts they've embedded on their websites.

No, not just the fact that your websites have updated statistics on the 10th of the month without any further work on your end (though awesome, that's been in place since rbiPRO was launched). The new awesome is more subtle - we've changed our charting engine over to HighCharts (www.highcharts.com) for a more contemporary look and feel and improved functionality.

It was essentially a plumbing change and we took care that the underlying technology wouldn't interrupt those charts that have already been shared by our subscribers...now the following improvements are showing up on our site and yours:

 

 

 

Comments: 2 |
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

 

View PDF version of this press release

 

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.

 

View PDF version of this press release

 

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