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Market in a Minute & StatPak
April 2015

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. 

New in StatPak - The URGENCY Index. 
A few months ago we introduced a new metric – 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

 

Washington, DC

Loudoun County, Virginia

 

Montgomery County, Maryland                              

Northern Virginia - March 2015


   


CONTRACTS:  Contract activity in March 2015 was up 12.8% from March of 2014, and there were increases in all but the lowest price category. Through the first three months of the year, contract activity is up 9.3%. The average number of days on the market for homes receiving contracts increased from 37 days in March 2014 to 45 days in March 2015.

 
 

Montgomery County - March 2015


 


CONTRACTS:  Contract activity in March 2015 was up 16.6% from March 2014, and for the first three months of the year, it’s up 12.4%. The average number of days on the market for homes receiving contracts increased from 45 days in March 2014 to 54 days in March 2015. 

View the complete Montgomery County April 2015 StatPak Report including Market in a Minute
 

Washington D.C. - March 2015


 


CONTRACTS:  Contract activity in March 2015 was up 8.2% from March 2014, with increases in three of the six price categories. For the first three months of the year, contract activity is up 4.3%. In both cases, those increases are the lowest in the Metro Area -- but that’s because there is so little inventory. The average number of days on the market for homes receiving contracts in March dropped from 41 days in 2014 to 38 days in 2015. DC not only has the shortest average time on the market in the region, it was the only jurisdiction with a drop in time on the market in March. 

View the complete Washington D.C. April 2015 StatPak Report including Market in a Minute

Loudoun County - March 2015


 


CONTRACTS: Contract activity in March 2015 was up 14.9% from March 2014, the sixth straight month with an increase. Through the first three months of the year, contract activity is up 13.2%, the largest increase in the region. The average number of days on the market for homes receiving contracts increased from 45 days in March 2014 to 59 days in March 2015. 

View the complete Loudoun County April 2015 StatPak Report including Market in a Minute

 

McEnearney Property Management McEnearney Commerical Luxury Real Estate
 

877-624-9322 | 109 S. Pitt Street, Alexandria, VA 22314

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