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Market in a Minute & StatPak
January 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 - January 2015


   


CONTRACTS:  Contract activity in December 2014 was up 12.7% from December of 2013, and there were increases in four of the six price categories. For the full year 2014, new contract activity was down 7.9% compared to all of 2013. The average number of days on the market for homes receiving contracts increased from 62 days in December 2013 to 79 days in December 2014.

 
 

Montgomery County - January 2015


 


CONTRACTS:  Contract activity in December 2014 was up 10.0% from December 2013, but was down in the three highest price categories. For all of 2014, new contract activity was down 4.3%. The average number of days on the market for homes receiving contracts increased from 66 days in December 2013 to 79 days in December 2014.

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

Washington D.C. - January 2015


 


CONTRACTS:  Contract activity in December 2014 was up 6.3% from December 2013, with increases in five of the six price categories. For the full year, contract activity was almost unchanged from 2013, down just 0.6%. The average number of days on the market for homes receiving contracts in December increased from 53 days in 2013 to 57 days in 2014.

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

Loudoun County - January 2015


 


CONTRACTS: Contract activity in December 2014 was up 24.9% from December 2013, the third straight month with an increase. In fact, Loudoun’s increase was the biggest in the Metro DC Area. Activity for the full year was down 6.7% compared to 2013. The average number of days on the market for homes receiving contracts increased from 50 days in December 2013 to 79 days in December 2014. 

View the complete Loudoun County January 205 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

Copyright 2015 McEnearney Associates Inc, REALTORS®. All rights reserved

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