DC Metro Prices Hit Record May High
Posted on June 10, 2013 by Corey Hart
Jun

10

2013

Lowest median days-on-market since the peak of the housing boom

OVERVIEW

The housing market in the Washington DC Metro Area continues to post strong growth as we approach the summer season.  Sales are at a seven-year high for May, and new contracts are back to peak housing boom levels.  The median sale price for the region is rising and posted the highest May level on record. The median sale price is now over $30,000 higher than May 2012, and over $70,000 higher than May 2011.  It appears that the rising price points could be enticing more sellers to enter the market, as new listings are up nearly 20 percent from this time last year, reflecting back-to-back months of double-digit growth for this indicator.

Click here to view PDF version of this report 

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DC Metro Area, market analysis, press release
May Contracts Hit Seven-Year High In Baltimore Metro
Posted on June 10, 2013 by Corey Hart
Jun

10

2013

Median days-on-market at a seven-year low

OVERVIEW

Market indicators continue to improve in the Baltimore Metro Region as we head into summer.  Sales and new pending contracts increased at double-digit rates for the second month in a row, and the median sales price resumed growth after falling flat last month.  The inventory of homes for sale remains at an 8-year May low across all property segments.  Despite the continual inventory shortage, new listings are showing signs of life and are up nearly 20 percent from this time last year, reflecting back-to-back months of double-digit growth for this indicator. 

Click here to view PDF version of this report

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Baltimore Metro Area, market analysis, press release
RBI Quick Reference Guide - Answers at Your Fingertips
Posted on June 06, 2013 by RaInda Green
Jun

06

2013

Have a general question about RBI statistics and need a quick answer?             We’ve answered some of the most common questions from agents and brokers and put together a Quick Reference Guide. Find out what areas constitute the “Mid-Atlantic Region”, which date we publish monthly statistics, what are “MoM” and “YoY” and more!

Click here to download the RBI Quick Reference Guide. 

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QRG
Sterling's 20164 - The zippiest ZIP in the DC area
Posted on May 16, 2013 by Corey Hart
May

16

2013

As reported in the RBI Housing Market Update for April, homes sold in the DC Metro area are spending a median of 11 days on the market, the lowest level for the region in 8 years. Yesterday, we provided our friends over at DC Urban Turf with the Top 10 fastest moving ZIP codes in DC and DC Metro area (see their article here). 

Here's UrbanTurf's chart for the DC area:

But, if we had to award a Gold Medal in the April sales sprint, it would go to Sterling's 20164.

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days on market, market analysis
DC Metro Prices up 7.4%, DC and Arlington at Record Highs
Posted on May 10, 2013 by Corey Hart
May

10

2013

Lowest days-on-market in 8 years; Active listings remain low, however new listings spike for the 1st time in 2 years

OVERVIEW

Market indicators point to a healthy spring market in the Washington DC Metro Region.  Sales and median prices continue to rise, and new contract activity is up after several months of declines.  The low inventory of homes for sale coupled with strong demand on the buyer side is fueling much of the market growth. While active listings remain historically low, new listings spiked in April, possibly an early sign of a changing pattern.  The rise in new listings could indicate that sellers are starting to be drawn into the market by higher price points and faster sale times. 

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DC Metro Area, market analysis, press release

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