Blog | RBI

Posted on April 19, 2011 by Corey Hart

Apr

2011

Visit the Videos section to view the video for your region. Below is Northern Virginia!

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Categories: market analysis, videos

Baltimore Metro Area Contract Activity Surged Ahead of Weak Prices

Posted on April 11, 2011 by Corey Hart

Apr

2011

March Signed Contracts Jump 33.1% Over February; Median Sales Price Down 11.1% Year‐Over‐Year, Lowest Since April 2004

Rockville, MD – (April 11, 2011) – The following analysis of the Baltimore 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:

OVERVIEW:

The number of signed contracts surged 33.1% month‐over‐month to 2,857, the highest March total since 2007 and the third consecutive monthly increase. Despite the rise in pending contract activity, median sales price fell for the 5th consecutive month declining to $200,000, 11.1% below the March 2010 result and the lowest since April 2004. The region is still feeling the impact of the expiration of the federal homebuyers tax credit last April that was followed by a sharp decline in sales activity through the end of 2010 helping to push values lower.

Categories: Baltimore Metro Area, market analysis, press release

Most Active March in Five Years for DC Metro Area

Posted on April 11, 2011 by Corey Hart

Apr

2011

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:

OVERVIEW:

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.