Posted on October 12, 2015 by Corey Hart
Oct

12

2015

Median sales prices fall, inventory declines for first time in two years

Rockville, MD – (October 12, 2015) – The following analysis of the Baltimore Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on September 2015 MRIS housing data.

OVERVIEW

The Baltimore Metro housing market enjoyed a strong start to the fall season, with closed and pending sales at their highest September levels in a least a decade and both exhibiting double-digit growth over the prior year. Median sales prices were down slightly, while median days on market inched up.  For the first time in two years, inventory growth was negative, even though new listings rose. 

There were 2,964 closed sales in September, an increase of 17.9% from September 2014, although down 10.7% from last month.  The number of new contracts increased 24.4% from the prior year to 3,495.  The overall median September sales price of $235,000 was down $9,700 or 4% from last year, and down $15,000 or 6% from last month.  The median sales price for single-family detached declined 4.1% to $290,000, townhome prices remained unchanged at $175,000 and condos increased 2.5% to $205,000.  Month-over-month prices were down 7.9% for single-family detached and 5.5% for townhomes, but up 8.0% for condos.  Total sold dollar volume across the Baltimore Metro region in September was up 13.4% from last year to nearly $805 million.

Click here to view PDF version of this report

Posted on September 10, 2015 by Corey Hart
Sep

10

2015

Closed sales up for ninth straight month; Prices dip slightly for first time this year

Rockville, MD – (September 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on August 2015 MRIS housing data.

OVERVIEW

The Washington, D.C. Metro housing market ended the summer season with strong sales activity.  Pending sales are at their highest August levels in a decade, while sold activity is at the third highest August level in a decade.  Median sales prices dipped slightly, overall inventories increased, although at a slightly slower pace than recent months, and median days-on-market increased to 25 days.    

The 4,515 closed sales in August represent a 7.8% increase from last year, although they are down 13.6% from last month.  New contracts rose by 10.6% from August 2014 to 4,713, and dropped 9.7% compared to last month. This marks the sixth consecutive month that all market segments have experienced year-over-year increases in both closed sales and new contracts.  The overall median sales price dipped a slight 1.0% to $411,000.  The median sales price for single-family detached declined 3.9% to $500,000, while townhome prices remained flat at $400,000 and condos increased 0.8% to $302,250.  Month-over-month prices were down 9.1% for single-family detached and down 2.4% for townhomes, although condo prices rose 4.2%.

Click here to view PDF version of this report

Posted on September 10, 2015 by Corey Hart
Sep

10

2015

Closed sales and new pending sales up 17% and 13% respectively; Prices up slightly, led by townhomes

Rockville, MD – (September 10, 2015) – The following analysis of the Baltimore Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on August 2015 MRIS housing data.

OVERVIEW

The Baltimore Metro housing market enjoyed strong sales in August, with double-digit increases in sales and pending contracts and slight growth in inventory levels and new listings.  Although single-family detached and condo median sales prices fell slightly, the increase in townhomes more than compensated, leading to an overall 2% increase in median sales prices in the region.

Closed sales of 3,318 increased by 17.0% from August 2014, although down 8.4% from last month.  New contracts increased 12.9% to 3,552 and are at their highest August level in a decade. The median August sales price of $250,000 was up $5,000 from last year. The median sales price for single-family detached declined 0.9% to $315,000, while townhome prices rose 2.9% to $185,200 and condos decreased 0.1% to $189,750.  Total sold dollar volume across the Baltimore Metro region in August was nearly $960 million, up 17.2% percent from last year, although down 10.7% from last month.  Inventories increased by 1.1% to 14,093 total active listings.

Click here to view PDF version of this report

Posted on August 10, 2015 by Corey Hart
Aug

10

2015

Pending contracts and sales growth continues to hit double-digit percent gains; Prices remain near record highs

Rockville, MD – (August 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on July 2015 MRIS housing data.

OVERVIEW

The Washington, D.C. Metro housing market enjoyed another strong month in July, with both closed and pending sales at their highest July levels in a decade.  Median sales prices continue to rise very slowly, and median days-on-market remain very low.  Closed sales of 5,225 represents a 15.1% increase from July 2014, although they are down 7.6% from June 2015.  New contracts increased by 9.4% from July 2014 to 5,221, although they did drop 9.3% compared to last month. All market segments experienced year-over-year increases in both closed sales and new contracts.  The year-over-year overall median sales prices rose 1.1% to $432,500, which nearly matches the previous July high of $435,000 seen in 2007.  The median sales price for single-family detached rose 2.8% to $550,000, while townhome prices dropped 1.9% to $410,000 and condos decreased 3.3% to $290,000. 

Click here to view PDF version of this report

Posted on August 10, 2015 by Corey Hart
Aug

10

2015

Prices up slightly compared to last year

Rockville, MD – (August 10, 2015) – The following analysis of the Baltimore Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on July 2015 MRIS housing data.

OVERVIEW

In July, the Baltimore Metro housing market saw double-digit increases in sales and pending contracts, slight growth in in inventory levels, and a small increase in year-over-year median sales prices.  Closed sales of 3,623 increased by 23.0% from July 2014, although down 6.5% from last month.  The number of new contracts increased 15.7% from the prior year to 3,959, and reached the highest July level in a decade. The median July sales price of $259,900 was up $3,900 from July 2014, and unchanged from last month.  Total sold dollar volume across the Baltimore Metro region in July was nearly $1.1 billion, up 20.8% percent from last year.

Click here to view PDF version of this report

RBI Sign In




Forgot password? Click here...