Market in a Minute & StatPak June 2018

by McEnearney on July 2, 2018

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, Montgomery County and Prince George’s 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 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in May 2018 was down 3.0% from May 2017 and was down 9% for homes priced less than $500,000. Through the first five months of the year, contract activity is down 2.1%. The average number of days on the market for homes receiving contracts was just 27 days in May 2018, down from 33 days in May of last year.

View the complete Northern Virginia June 2018 StatPak Report including Market in a Minute

 

Loudoun County – June 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in May 2018 was down just 0.1% from May 2017. Through the first five months of the year, contract activity is up just 0.9%. The average number of days on the market for homes receiving contracts was 27 days in May 2018, down from 33 days in May of last year. Along with Northern Virginia, that was the shortest average time on the market in the metro area in May.

View the complete Loudoun County June 2018 StatPak Report including Market in a Minute

 

Montgomery County – June 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in May 2018 was down 1.8% from May 2017, but there were increases in three of the six price categories. Activity for homes priced less than $500,000 was down 10.7%. Through the first five months of the year, contract activity is down 3.4%. The average number of days on the market for homes receiving contracts was 34 days in May 2018, up just one day from 33 days in May of last year.

View the complete Montgomery County June 2018 StatPak Report including Market in a Minute

 

Prince George’s County – June 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in May 2018 was up 12.3% from May 2017, and there were increases in all six price categories. Through the first five months of the year, contract activity is up 21.0%. Prince George’s monthly and year-to-date increases in new contracts are by far the best in the region. The average number of days on the market for homes receiving contracts was 38 days in May 2018, unchanged from this time last year.

View the complete Prince George’s County June 2018 StatPak Report including Market in a Minute

 

Washington D.C. – June 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in May 2018 was down 4.7% from May 2017, but three of the six price categories were up. Through the first five months of the year, contract activity is down just 1.3%. The average number of days on the market for homes receiving contracts was 30 days in May 2018, up from 27 days in May of last year.

View the complete Washington, DC June 2018 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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