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.

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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
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.

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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
Lowest January Inventory Level Since 2005 in DC Metro Area
Posted on February 10, 2012 by Corey Hart
Feb

10

2012

Foreclosed Inventory & Sales Continue to Decline

Rockville, MD –(February 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 January 2012 RBI Pending Home Sales Index™ released today.

View PDF version of this release

OVERVIEW

Inventory levels continue to shrink in the Washington, D.C. Metro Area compared to years past, with only 10,095 active listings representing the lowest January level since 2005. Against this backdrop of reduced inventory, the number of contracts signed in January still managed to outpace the five-year January average by a sizable 22.0%. Foreclosed inventory is down sharply year-over-year with 67.2% fewer foreclosed properties for sale at month’s end compared to January 2011. The average sold price per square foot for foreclosed properties in January was less than half the $289 price per square foot level for traditional sales.

 

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DC Metro Area, market analysis, press release
December Bank-Mediated Snapshot - DC Metro
Posted on January 10, 2012 by Corey Hart
Jan

10

2012

 

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DC Metro Area, market analysis
DC Metro Closes 2011 with Lowest Inventory Level since August 2005
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.

 

 

View PDF version of this release

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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DC Metro Area, market analysis, press release

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