Market in a Minute & StatPak June 2017

by McEnearney on June 16, 2017

Market in a Minute

We profile the most important market indicators every month – contract activity, interest rates, inventory, affordability and direction of the market – in an easy to read and digest summary. It’s not just the numbers; it provides context to understand why the numbers are important and what they mean for the future of the market. Published for Northern Virginia, Loudoun County, Washington, DC and Montgomery County.

A quick summary of last month’s contract activity is shown below. To see the complete “Market in a Minute” reports for each jurisdiction we cover, click on the corresponding links.

What’s The URGENCY Index?

This is simply the measure of the percentage of homes going under contract that were on the market 30 days or less, giving a sense of how quickly buyers feel they must act to put an offer on a home. To see your market’s Urgency Index click the link to view the full report.



Northern Virginia – June 2017 StatPak with Contract Snapshot from May 2017

CONTRACTS: Contract activity in May 2017 was up 9.2% from May 2016, and there was an increase in every price category. Through the first five months of 2017, new contract activity is up 4.8% compared to the first five months of 2016, and that’s the best in the metro DC area. The average number of days on the market for homes receiving contracts was 33 days in May 2017, down from 39 days in May of last year.

View the complete Northern Virginia June 2017 StatPak Report including Market in a Minute

 

 

Montgomery County – June 2017 StatPak with Contract Snapshot from May 2017

CONTRACTS: Contract activity in May 2017 was down 4.5% from May 2016, but there was an increase in two of the six price categories. Through the first five months of 2017, new contract activity is down 3.4% compared to the first five months of 2016. The average number of days on the market for homes receiving contracts was 33 days in May 2017, down from 43 days in May of last year.

View the complete Montgomery County June 2017 StatPak Report including Market in a Minute

 

 

Washington D.C. – June 2017 StatPak with Contract Snapshot from May 2017

CONTRACTS: Contract activity in May 2017 was up 2.9% from May 2016, and there were increases for the top four price categories. Through the first five months of 2017, new contract activity is up 3.7% compared to the first five months of 2016. The average number of days on the market for homes receiving contracts was 27 days in May 2017, down from 32 days in May of last year.

View the complete Washington, DC June 2017 StatPak Report including Market in a Minute

 

 

Loudoun County – June 2017 StatPak with Contract Snapshot from May 2017

CONTRACTS: Contract activity in May 2017 was almost unchanged, down just 0.7% from May 2016, with decreases in the number of contracts in four of the six price categories. Through the first five months of 2017, new contract activity is also almost unchanged, up just 0.1% compared to the first five months of 2016. The average number of days on the market for homes receiving contracts was 33 days in May 2017, down from 41 days in May of last year.

View the complete Loudoun County June 2017 StatPak Report including Market in a Minute

 

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McEnearney Associates, Inc. REALTORS is a full service real estate company specializing in the marketing of fine properties. With residential, commercial and property management divisions, as well as a relocation department, McEnearney Associates can provide you with professional assistance with all your real estate needs. McEnearney Associates, Inc. REALTORS serves the Washington, D.C. Metropolitan Area. As a member of the Leading Real Estate Companies, McEnearney Associates also serves the world.

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