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.

2016-0511-housing-inventory-snapshot

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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.

2015-0708 Housing Inventory Snapshot
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

Housing Inventory Snapshot – April 2015

We hope you will find the following snapshot of April’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 last month. 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. See the graph below that details the month-by-month volume of closed sales in the Mid-Atlantic region to gain some perspective on the trend of the Spring Market. Obviously the Northern Virginia market is unique and will deviate from the regional view, but this shows the general pattern.

Again this month the 30 Days Trend column for the Average Days On Market active/sold is a good illustration of how April will usually behave, with properties moving faster than in March and in most categories the number of listings was up in April by between 11% and 30%. However, it seems the increase in number of listings, while still higher than in March, is less so for Condo/Townhomes over $600K/$350K/… respectively.

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

Housing Inventory Snapshot, April 2015
Housing Inventory Snapshot, April 2015
Closed Sales over the last year, Mid-Atlantic Region
Closed Sales over the last year, Mid-Atlantic Region