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Market in a Minute & StatPak
March 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 February 2015 was up 8.3% from February of 2014, and there were increases in all six price categories. Through the first two months of the year, contract activity is up 6.7%.  The average number of days on the market for homes receiving contracts increased from 48 days in February 2014 to 58 days in February 2015.

 
 

Montgomery County - March 2015


 


CONTRACTS:  Contract activity in February 2015 was up 8.4% from February 2014, and for the first two months of the year, it’s up 9.5%. The average number of days on the market for homes receiving contracts increased from 55 days in February 2014 to 71 days in February 2015.

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

Washington D.C. - March 2015


 


CONTRACTS:  Contract activity in February 2015 was up just 1.2% from February 2014, with increases in three of the six price categories. For the first two months of the year, contract activity is up 1.8%. 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 February barely increased from 44 days in 2014 to 50 days in 2015. Despite that increase, DC has the shortest average time on the market in the region.

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

Loudoun County - March 2015


 


CONTRACTS: Contract activity in February 2015 was up 8.4% from February 2014, the fifth straight month with an increase. Through the first two months of the year, contract activity is up 11.9%. The average number of days on the market for homes receiving contracts increased from 52 days in February 2014 to 75 days in February 2015.

View the complete Loudoun County March 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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