Posted on September 10, 2012 by Corey Hart
Sep

10

2012

Active listings shrink, drop below 12,000 for only the 2nd time since 2006

OVERVIEW

The Baltimore Metro housing market continues to exhibit signs of strength compared with last year.  Both sales and new contracts had double-digit growth from August 2011.  The median sale price for the metro area also rose from last year albeit slightly.  If demand persists into the fall, the shrinking inventory of homes for sale will continue to play a major role in the market.  Currently, the low supply of active listings is putting upward pressure on prices, decreasing days-on-market (down 17 days from last year), and increasing the average sale-to-list price ratio (up 3.5 points from last year).  Many people are likely keeping their homes off the market due to continued economic uncertainty, preferring to wait it out. 

Posted on August 28, 2012 by Jonathan Hill
Aug

28

2012

S&P/Case Shiller released their monthly stats today.  If it’s the last Tuesday of the month, it must be time for stale news.  But instead of the usual,  “this is what happened months ago” in real estate trends, like the rest of the world wasn’t paying attention, it was nice to see this USA Today article address some of the inadequacies of Case Shiller’s methodology instead of just reporting the numbers.

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Posted on August 10, 2012 by Corey Hart
Aug

10

2012

Back-to-back months of historic lows for new listings

Rockville, MD – (August 10, 2012) – The following analysis of the Baltimore, MD Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on July 2012 MRIS housing data.

Click here to view PDF version of this report

OVERVIEW

Demand in the Baltimore Metro housing market remains strong into the summer months as evidenced by consistent growth in sales and new contracts. At the same time, the inventory of active listings continues to decline, perhaps an indication that economic uncertainty is keeping many potential sellers in their homes. The increased sales activity coupled with the diminishing supply is putting upward pressure on area home prices. The median sale price in the Baltimore Metro region is $25,000 higher than this time last year, and all jurisdictions in the region posted year-over-year median sale price gains for the second straight month. Townhome price gains have consistently outpaced detached-homes and condos over the past eight months, while the condo market has led all property segments in new contract growth over the past four months.

Posted on August 10, 2012 by Corey Hart
Aug

10

2012

Active listings at their lowest level in seven years; Growth continues in condo sales, contracts, and median price

Rockville, MD – (August 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 July 2012 MRIS housing data.

Click here to view PDF version of this report

OVERVIEW

The shrinking inventory of homes for sale continues to play a major role in the Washington DC Metro Area housing market, though median price and sales growth has slowed.  The total inventory of active listings is the lowest of any month since August 2005.  The limited quantity of homes for sale is causing the median days-on-market to decrease (currently at 23 days, lowest July-level since 2005), and the sale-to-list price ratio to rise (currently at 96.3 percent, highest July-level since 2006). Sales and median price growth have slowed from the spring; however both are higher than this time last year.  The condo market continues to strengthen, posting the highest year-over-year increases of all residential property segments in sales, new contracts, and median sale price.

Posted on July 20, 2012 by Corey Hart
Jul

20

2012

The June MarketWatch videos are live, we've posted the Northern Virginia report below.  Visit the Videos tab to view the latest video for your region or grab the embed code to add it to your site. While you're in website improvement mode, consider embedding the RBI Mid-Year Distressed Properties Report (below the video here) using the Share option in the player toolbar...after taking in the first-of-its-kind content of course)..

 

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