Posted on June 03, 2011 by Jonathan Miller



On May 31st, I wrote about the DC version of the Case Shiller Index and how it doesn't reflect the actual Washington, DC metro area housing market like RBI data does.

Yesterday and this morning I also posted a three part series on the MRIS Blog with more specifics. Take a look:


DC Metro Area
Posted on May 27, 2011 by Corey Hart



Good news for those of you that follow RBI's monthly press releases and have asked why the DC Metro region didn't have a corresponding stats page - you can finally follow along at home!  Like fellow press release subject Baltimore Metro, the DC region now has a standalone page complete with heat maps ("choropleths" for the pedantic type), Interactive Charts, etc.  Non-subscribers can view summary statistics and download the detailed report each month.  The market area includes: Washington, D.C., Montgomery County, Prince George’s County, Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City.


Small Sampler of DC Metro Stats (embeds courtesy of an rbiPRO subscription)




DC Metro Area
Posted on May 10, 2011 by Corey Hart



Pending Sales 15.9% Below Prior Year Tax Credit Fueled Surge; 4.8% Below March Rush. Median Sales Price Essentially Unchanged Year-Over-Year

Rockville, MD (May 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 April 2011 RBI Pending Home Sales Index™ released today:




April buyers and sellers in the Washington, D.C. metro area signed 5,170 purchase contracts, the second highest April since 2006.  The total was second only to the April 2010 surge in activity related to the final days of the federal homebuyer tax credit.  Pending sales in April fell to 5,170, 4.8% short of the heavy volume reached in March, partly a result of last month’s release of pent-up demand accumulated during the post-tax credit expiration lull in the second half of 2010.  The April 2011 median sales price was $334,000, nominally below $335,000 reached in same month last year and 4.4% above $320,000 in March.  The month over month increase was consistent with seasonal patterns.


Posted on April 29, 2011 by Jonathan Miller



The National Association of Realtors just released their Pending Home Sale Index that shows contract signings from February to March increased 5.1% adjusted for seasonality.  

Posted on April 11, 2011 by Corey Hart



March Signed Contracts Jump 34.3% Over February; Median Sales Price Rises 3.2% Year‐Over‐Year

Rockville, MD – (April 11, 2011) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by housing market expert Jonathan Miller, based on the March 2011 RBI Pending Home Sales Index™ released today:



Pending home sales jumped 34.3% month‐over‐month as the Washington, DC metro area entered the “spring market” with 5,432 signed contracts, the highest number for the month of March since 2006. The March total exceeded the federal homebuyers tax credit‐fueled total reached in the same month last year. With three consecutive months of increased pending sales activity, median sales price showed a seasonal increase of 6.7%, the first month‐over‐month increase since last October.



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