Market in a Minute & StatPak August 2017

by McEnearney on September 7, 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 – August 2017 StatPak with Contract Snapshot from July 2017

CONTRACTS: Contract activity in July 2017 was down 2.9% from July 2016, but there were increases in new contracts for homes priced more than $750,000. Through the first seven months of 2017, new contract activity is up 2.9% compared to the first seven months of 2016. The average number of days on the market for homes receiving contracts was 41 days in July 2017, down from 50 days in July of last year.

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

 

 

Montgomery County – August 2017 StatPak with Contract Snapshot from July 2017

CONTRACTS: Contract activity in July 2017 was down 7.6% from July 2016, and there were decreases in five of the six price categories. Through the first seven months of 2017, new contract activity is down 4.0% compared to the first seven months of 2016. The average number of days on the market for homes receiving contracts was 44 days in July 2017, down from 52 days in July of last year.

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

 

 

Washington D.C. – August 2017 StatPak with Contract Snapshot from July 2017

CONTRACTS: Contract activity in July 2017 was up 7.2% from July 2016, and there were increases for four of the six price categories. Through the first seven months of 2017, new contract activity is up 4.7% compared to the first seven months of 2016. That’s the best in the metro area. The average number of days on the market for homes receiving contracts was 37 days in July 2017, down slightly from 39 days in July of last year.

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

 

 

Loudoun County – August 2017 StatPak with Contract Snapshot from July 2017

CONTRACTS: Contract activity in July 2017 was down 8.7% from July 2016, and there were decreases in the number of contracts in three of the six price categories. Through the first seven months of 2017, new contract activity is down just 0.4% compared to the first seven months of 2016. The average number of days on the market for homes receiving contracts was 43 days in July 2017, down from 49 days in July of last year.

View the complete Loudoun County August 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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