DC Metro pending sales and prices hit highest May levels in over a decade
Posted on June 10, 2015 by Corey Hart
Jun

10

2015

Half of May sales were on market less than two weeks; Closed sales up 6 percent from last year

Rockville, MD – (June 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on May 2015 MRIS housing data.

OVERVIEW

The Washington DC Metro housing market enjoyed a strong May with sales at the highest monthly level since June 2014, pending sales and prices at the highest May level in a decade, while median days-on-market remain exceptionally low.  Closed sales of 4,835 increased by 6.2% from May 2014 and by 13.3% from April 2015.  The number of new contracts increased by 8.4% from May 2014 to 6,158, although new contracts did drop slightly from last month’s 6,203, which was the highest number of pending sales since July 2005. All market segments experienced year-over-year increases in both closed sales and new contracts, with townhomes having the strongest increases of 15.3% and 10.2% respectively.  Year-over-year, overall median sales prices rose by 1.2% to $435,000, with the median sales price for townhomes rising to $427,000 and single-family detached and condos declining to $540,000 and $307,000 respectively.

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Baltimore Metro contracts, sales continued to outpace 2014 levels in May
Posted on June 10, 2015 by Corey Hart
Jun

10

2015

Both sales and new contracts at near decade highs; Prices remain unchanged

Rockville, MD – (June 10, 2015) – The following analysis of the Baltimore Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on May 2015 MRIS housing data.

OVERVIEW

The Baltimore Metro housing market saw large increases in sales, new contracts and inventories compared to May 2014, but median sales prices remained largely unchanged.  Closed sales of 3,229 increased by 16.7% from May 2014 and by 15.5% compared to April 2015.  The number of new contracts increased 18.1% to 4,313 from the prior year, and are at their highest May level in a decade. The median sales price in May in the Baltimore Metro area was $250,000, the same as May of 2014, but up $20,000 compared to last month.  The $289,000 median sales price for “non-distressed” sales (those not involving a short sale or foreclosures) is up from the non-distressed median sales price of $280,000 last May and up from last month’s $267,000.  Total sold dollar volume across the Baltimore Metro region in May was more than $936 million, up 15.3% percent from last year.

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DC Metro market scores strongest pending sales since July 2005
Posted on May 11, 2015 by Corey Hart
May

11

2015

Closed sales and new pending sales up 10% versus last April; Half of April homes sold were on market two weeks or less

Rockville, MD – (May 11, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on April 2015 MRIS housing data.

OVERVIEW

The Washington DC Metro housing market enjoyed a strong April, with solid year-over-year increases in sales, and continued increasing levels of new contracts, and rising inventories.  Closed sales and new contracts both increased by 9.9% from April 2014.  All market segments experienced increases in both closed sales and new contracts.  The number of closed sales increased to 4,268, with single-family detached making the strongest showing, rising by 11.5% to 1,937 units.  The number of new contracts increased to 6,203 with townhomes increasing by the largest percentage of 13.5% to a total of 1,649.  Overall median sales prices rose by 1.1%, with the median price for single-family detached rising 1% to $417,000 townhomes and condos rising to $405,000 and $305,000 respectively.

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Baltimore Metro new pendings hit highest monthly tally in a decade
Posted on May 11, 2015 by Corey Hart
May

11

2015

New contracts and closed sales both top April 2014 marks by 23 percent; Prices dip slightly as foreclosure sales increases continue

Rockville, MD – (May 11, 2015) – The following analysis of the Baltimore Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on April 2015 MRIS housing data.

OVERVIEW

The Baltimore Metro housing market saw large increases in sales, new contracts and inventories compared to April 2014, but experienced a small decline in median sales prices.  Closed sales of 2,796 increased by 22.8% from April 2014 and by 10.4% compared to March 2015.  The number of new contracts increased 22.5% to 4,387 from the prior year, and are at their highest April level and highest overall number in a decade. The median sales price in April in the Baltimore Metro area was $230,000, down $10,000 or 4.2% from a year earlier and nearly flat compared to last month.  The $267,000 median sales price for “non-distressed” sales (those not involving a short sale or foreclosures) is also down just slightly from the median sales price of $269,450 last April.  Total sold dollar volume across the region in April was more than $743 million, up 16.5% percent from last year.

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baltimore metro, market analysis, press release
DC Metro market scores strongest March sales tally since 2010
Posted on April 10, 2015 by Corey Hart
Apr

10

2015

March contracts and closed sales up over 2014 levels, inventories increase

Rockville, MD – (April 10, 2015) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of RealEstate Business Intelligence (RBI) and is based on March 2015 MRIS housing data.

OVERVIEW

The Washington DC Metro housing market enjoyed another strong month, with year-over-year increases in sales, new contracts, inventories and median days-on-market compared to March 2014.  Closed sales increased by 15.6% from March 2014 and new contracts rose by 10.8%, with all market segments experiencing a rise.  The number of closed sales increased to 3,662 with single-family detached making the strongest showing, rising by 19.0% to 1,677 units.  The number of new contracts increased to 5,554 with single-family detached increasing by the largest percentage of 12.4% to a total of 2,622.  Overall median sales prices rose by 2.6%.

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dc metro, market analysis, press release

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