Housing Inventory Snapshot – October 2016

This month the 30 Days Trend column for the Average Days on Market shows a stagnation in a timeframe that is historically active for Loudoun, Fairfax, and Arlington Counties. Probably more interesting is the large number of properties on the market in Fairfax County across all price categories. This supports our anecdotal perception that through October there has been a lot of inventory and the buyers are being very choosey. It does appear that the end of the political season has resolved questions that were keeping buyers on the fence. In the last week listings of ours that were getting virtually no traffic in Great Falls, Fredericksburg, North Reston, Herndon, and Vienna have had a dramatic increase in showing activity, two of the six are now under contract and offers submitted or pending on two more.

Please let us know if you need our help with anything real estate related.

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Housing Inventory Snapshot – April 2016

We hope you will find the following snapshot of April’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced last year. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we have discussed previously.

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Borrowers Brace for Rate Hike Fallout

On Dec. 17th the Federal Reserve, and it’s chairwoman, Janet L. Yellen, decided to raise short-term interest rates for the first time since the financial crisis in early 2007. The Fed has stated that they intend to slowly and incrementally continue to raise the rate as long as the economy continues to grow. The 0.25% increase has left many wondering what changes they can expect to the mortgage interest rate market in the near term.

If you are curious about what some of the experts are saying I recommend that you start with this article on “First Tuesday Journal”
You may also be interested to see how the rates have fluctuated by monthly average since 1971 in this post from “Freddie Mac”

HOUSING INVENTORY SNAPSHOT – OCTOBER 2015

We hope you will find the following snapshot of October’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced earlier this year. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we discussed last month.

This month the 30 Days Trend column for the Average List Price could raise a few eyebrows. October will usually have a strong showing when compared to August and November, and in all regions other than Arlington, the table appears to be set for that to play out. Showing insignificant reductions or increases across all price ranges and property types in all regions except Arlington where all price ranges and property types showed a reduction in average list price.

Please let us know if you need our help with anything real estate related.

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Housing Inventory Snapshot for October 2015

HOUSING INVENTORY SNAPSHOT – AUGUST 2015

We hope you will find the following snapshot of August’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced a few of months ago. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we discussed last month.

Again this month the 30 Days Trend column for the Average DOM (Days On Market) active/sold is a good illustration of how August will usually behave, with the number of days on marketing growing and average prices dropping,

Please let us know if you need our help with anything real estate related.

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Housing Inventory Snapshot, August 2015

Housing Inventory Snapshot – June 2015

We hope you will find the following snapshot of June’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced a couple of months ago. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we discussed last month.

Again this month the 30 Days Trend column for the Average DOM (Days On Market) active/sold is a good illustration of how June will usually behave, with properties moving faster than in May, this is especially true in Loudoun County this June and less so in some other areas, and in most categories the number of listings was up in June. Fairfax County continues to have some areas and categories experiencing what we would describe as a market slow down that is evident in the numbers. I am hopeful that the slow Spring will result in a steady summer market, with the threat of rising interest rates keeping prospective buyers engaged.

Please let us know if you need our help with anything real estate related.

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Housing Inventory Snapshot, June 2015

HOUSING INVENTORY SNAPSHOT – May 2015

We hope you will find the following snapshot of May’s inventory statistics for the various regions and property types/values in our local Real Estate market informative.

This snapshot features new data points that we introduced a couple of months ago. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the Spring market has a natural life-cycle so some months are inherently more active than others as we discussed last month.

Again this month the 30 Days Trend column for the Average DOM (Days On Market) active/sold is a good illustration of how May will usually behave, with properties moving faster than in April and in most categories the number of listings was up in May. Fairfax County has had some areas experiencing what we would describe as a slow down in the Spring Market. This may be visible in the numbers, the 30 Days Trend for DOM shows that in Fairfax county the number of days on market for sold listings is dropping much less than its neighbor Arlington County. While Arlington showed a combined total across all categories of 52 less DOM for sold properties from 30 days prior, Fairfax only showed 37. Especially curious when compared to the same numbers from the April report, where Fairfax had a drop of 48 DOM to Arlington’s net increase of 7.

Please let us know if you need our help with anything real estate related.

Housing Inventory Snapshot, May 2015
Housing Inventory Snapshot, May 2015