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.
The Washington, D.C. Metro Area housing market continued to see increases in closed and pending sales in October, with pending contracts at the best levels in a decade. Median sales prices were comparable to both last year and last month [but showed a decline in the year over 5 year average]. Inventories continue to grow, driven by the highest October level of new listings since 2007, but at a continually slowing rate.
With 12,676 active listings at the end of October, inventories increased for the 25th consecutive month.
…Year-to-date there have been 42,616 closed sales across the region, which is up 9.5% compared to last year, and all jurisdictions show increases in the number of sales compared to last year.
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.
We have all heard the stories of terrible things happening to innocent people who’s only mistake was shopping online and agreeing to meet someone they don’t know in a strange place to complete a transaction. Continue reading →
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.
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.
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.
