Rockville, MD –(February 22, 2011) – Revised data released by RealEstate Business Intelligence (RBI), an MRIS company, shows an increase of 10.6% in pending sales in the January 2011 Washington, DC metro area housing market. The RBI Pending Home Sales Index™ [Washington, DC Metro Area], is a two-year moving window on the housing market using pending sales and median sales price. The results include pending sales through and including January 2011.  The market area includes: Washington, DC, Montgomery County, Prince George’s County, Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City.

As usual this time of year, brokers and agents have passed along inquiries regarding the whereabouts of the annual Year End stats and when this data will be available. The Year End aggregate data will be published within Detailed Reports for each County the week of March 2 (Note, this date had to be moved back a week due to unforeseen issues requiring additional processing time). We'll explain the reason for the publication date below (skip to the end to view the revised stats release schedule)...

MRIS has historically pulled the previous year's aggregate stats in the mid-February timeframe in order to allow for any procrastinating agents out there to submit closed transactions from last year, and RBI will be following the same schedule.