Inventory Absorption Continues in Baltimore Metro with Most July Contracts in Six Years
Posted on August 10, 2012 by Corey Hart
Aug

10

2012

Back-to-back months of historic lows for new listings

Rockville, MD – (August 10, 2012) – The following analysis of the Baltimore, MD Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on July 2012 MRIS housing data.

Click here to view PDF version of this report

OVERVIEW

Demand in the Baltimore Metro housing market remains strong into the summer months as evidenced by consistent growth in sales and new contracts. At the same time, the inventory of active listings continues to decline, perhaps an indication that economic uncertainty is keeping many potential sellers in their homes. The increased sales activity coupled with the diminishing supply is putting upward pressure on area home prices. The median sale price in the Baltimore Metro region is $25,000 higher than this time last year, and all jurisdictions in the region posted year-over-year median sale price gains for the second straight month. Townhome price gains have consistently outpaced detached-homes and condos over the past eight months, while the condo market has led all property segments in new contract growth over the past four months.

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Baltimore Metro Area, market analysis
Continued Tightening in DC Metro Inventory, Highest July Prices in Five Years
Posted on August 10, 2012 by Corey Hart
Aug

10

2012

Active listings at their lowest level in seven years; Growth continues in condo sales, contracts, and median price

Rockville, MD – (August 10, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on July 2012 MRIS housing data.

Click here to view PDF version of this report

OVERVIEW

The shrinking inventory of homes for sale continues to play a major role in the Washington DC Metro Area housing market, though median price and sales growth has slowed.  The total inventory of active listings is the lowest of any month since August 2005.  The limited quantity of homes for sale is causing the median days-on-market to decrease (currently at 23 days, lowest July-level since 2005), and the sale-to-list price ratio to rise (currently at 96.3 percent, highest July-level since 2006). Sales and median price growth have slowed from the spring; however both are higher than this time last year.  The condo market continues to strengthen, posting the highest year-over-year increases of all residential property segments in sales, new contracts, and median sale price.

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DC Metro Area, market analysis
June MarketWatch Videos are Live
Posted on July 20, 2012 by Corey Hart
Jul

20

2012

The June MarketWatch videos are live, we've posted the Northern Virginia report below.  Visit the Videos tab to view the latest video for your region or grab the embed code to add it to your site. While you're in website improvement mode, consider embedding the RBI Mid-Year Distressed Properties Report (below the video here) using the Share option in the player toolbar...after taking in the first-of-its-kind content of course)..

 

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market analysis, videos
Median DC Metro Area Sale Price Hits $400K, First Time Since 2008
Posted on July 10, 2012 by Corey Hart
Jul

10

2012

Rockville, MD – (July 10, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on June 2012 MRIS housing data.

OVERVIEW

Median sale prices continue to climb through most of the Washington Metro Area.  Price gains, decreasing days-on-market (average down 10 days from June 2011), and a tightening sale-to-list price ratio (up 2.0 percentage points from June 2011) are evidence that the diminishing inventory of homes for sale in the region is having an impact on the market.  The DC Metro Area posted its 16th consecutive month of year-over-year declines in active listings, and the pattern appears to be holding as new listings in June are at a historic low.  The condo market is showing signs of strength, outpacing detached homes and townhomes in June on year-over-year growth in sales, median price gains, and new contracts.

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DC Metro Area, market analysis, press release
June Median Sale Prices Increase Across the Board in Baltimore Metro
Posted on July 10, 2012 by Corey Hart
Jul

10

2012

Supply Continues to Shrink - Lowest New Listings in Fifteen Years

Rockville, MD – (July 10, 2012) – The following analysis of the Baltimore, MD Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on June 2012 MRIS housing data.

OVERVIEW

Median sale prices are on the rise throughout the Baltimore Metro Area, and metro-wide, have reached $250K for the first time in two years.  Despite the rising median prices, overall economic uncertainty could be a major factor in keeping many would-be sellers on the sidelines.  The quantity of active listings continues to drop, and the new listings entered in June are the lowest June-level since 1997.   The shrinking inventory of homes for sale in the region coupled with growing buyer activity is pushing prices up, and shortening the average days-on-market (down 14 days since June 2011).  Sale-to-original list price ratios have also narrowed (increasing 2.9 percentage points since June 2011), further evidence of a tightening market.  Detached homes are driving sales growth in the metro area; however the condo market posted the highest percentage growth of new contracts in June, and perhaps early evidence of a changing pattern.

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Baltimore Metro Area, market analysis, press release

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