August MarketWatch Videos are Live
Posted on September 18, 2012 by Corey Hart
Sep

18

2012

The nine regional MarketWatch videos for August are now live.  Visit the Videos section to watch and/or embed your region's video.  Here's the Northern Virginia MarketWatch:

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market analysis, videos
Signs of Strength Continue Thru Summer in DC Metro Housing Market
Posted on September 10, 2012 by Corey Hart
Sep

10

2012

Median price up $29K from a year ago, new contracts at 7-year August high

OVERVIEW

Demand remains strong in the Washington DC Metro housing market in August, as many indicators reach multi-year highs.  Sales rose to their highest August-level in three years, and new contracts reached their highest August-level in seven years.  Prices continue to climb, up year-over-year for the seventh straight month, and their highest August-level in five years.  Low inventory of active and new listings persists, and is playing a major role in the price appreciation.

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Comments: 1 |
DC Metro Area, market analysis, press release
Baltimore Metro Demand Continues into Late Summer, Highest August Sales in 5 Years
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. 

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Baltimore Metro Area, market analysis, press release
USA Today Takes a Closer Look at Case Shiller
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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Comments: 1 |
Case Shiller, market analysis, trends
Inventory Absorption Continues in Baltimore Metro with Most July Contracts in Six Years
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.

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Baltimore Metro Area, market analysis

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