Posted on April 24, 2012 by Corey Hart
Apr

24

2012

At the risk of coming off like a broken record, ALL real estate, including stats, is LOCAL. Here's another post highlighting how critical it is that local real estate professionals provide local context to combat buyer/seller preconceptions of their local market biased by national market headlines. Last night the PBS News Hour aired the first of a series of reports summarizing the national real estate market (worth watching to see what's happening across the country). DSNews.com published an article we stumbled across on the Twitterverse summarizing the distressed composition of the national market and the impact on pricing - Survey: High Share of Distressed Properties Keeps Prices Down

The article cites stats from a variety of sources, including national surveys and national data aggregators.  We don't dispute the conclusions drawn or trends outlined, but are they entirely relevant to YOUR market? Below we've included a few snippets from the article juxtaposed with how they'd read for one of our local regions. Any RBI customer can dive into stats like those below to see how any of the 59 counties stack up against national trends, but for purposes of illustration we'll use the Northern Virginia region.

National: "Over the past six months, the proportion of short sale transactions in the housing market increased from 17.8 percent to 19.9 percent". 

  • Northern Virginia: Over the past six months, the proportion of short sale transactions in the housing market decreased from 13.3 percent to 11.5 percent.

 

Posted on April 18, 2012 by Corey Hart
Apr

18

2012

Part II of our deep-dive into ZIP Code data for the 1st quarter of 2012 for the Greater DC Area looks at leading ZIP codes according to Median Sale Price trends, including:

  • Most Expensive ZIP Codes by median sale price
  • ZIP Codes with Biggest Jump in median sale price (YoY)
  • Most Affordable ZIP Codes by median sale price
  • ZIP Codes with Biggest Dip in median sale price (YoY)

 

Posted on April 17, 2012 by Corey Hart
Apr

17

2012

We've done a deep-dive into ZIP Code data for the 1st quarter of 2012 for the Greater DC Area. Part 1 looks at leading ZIP codes according to Average Price per Square Foot trends, including:

  • Most Expensive ZIP Codes by average price per square foot
  • ZIP Codes with Biggest Jump in average price per square foot (YoY)
  • Most Affordable ZIP Codes by average price per square foot
  • ZIP Codes with Biggest Dip in average price per square foot (YoY)

 

Posted on April 17, 2012 by Corey Hart
Apr

17

2012

The March videos are now published - if you have the auto-updating embed code on your website, you'll see the new videos there right now. If not, go to our Videos tab and grab the embed code for your region.  Here is the Northern Virginia March video:

 

market analysis, videos
Posted on April 10, 2012 by Corey Hart
Apr

10

2012

Year-over-Year Gains in Closed Sales and New Contracts

The following analysis of the Baltimore Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on the March 2012 RBI Pending Home Sales Index™ released today.

View PDF version

OVERVIEW

The Baltimore Metro Area housing market continued to show signs of improvement in March, with a second consecutive month of year-over-year gains in median sale price and the level of new foreclosures listed less than half the level of one year ago. Townhome properties saw the largest year-over-year increase in pricing, while detached properties and condo/co-ops experienced more modest increases in median sale price. The $210,000 median sale price for the first quarter was 2.4% higher than Q1 2011. There is solid balance between supply and demand to end the month, with 6.6 months supply of inventory.

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