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Market in a Minute & StatPak
July 2014

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. 

Northern Virginia

 

Washington, DC

Loudoun County, Virginia

 

Montgomery County, Maryland                              

Northern Virginia - July 2014


   


CONTRACTS:  Contract activity in June 2014 was down 9.8% from June of last year, and was down in all price categories below $1,500.000. Through the first half of 2014, new contract activity is down 10.9%.  Contract activity is down year-to-date in every major sub-area of Northern Virginia as well. Of those properties going under contract in June, 62% were on the market for 30 days or less. For some perspective, 90% of homes going under contract in June 2004 were on the market for 30 days or less; in 2008, it was just 34%.

 
 

Montgomery County - July 2014


 


CONTRACTS:  Contract activity in June 2014 was down 9.2% from June of last year, and was down in four of the six price categories. For the first half of 2014, new contract activity is down 7.4% compared to the first six months of 2013, and activity is down in both the upper and lower portion of the county. Of those properties going under contract in June, 61% were on the market for 30 days or less. For some perspective, 86% of homes going under contract in June 2004 were on the market for 30 days or less; in 2008, it was just 30%.

View the complete Montgomery County July 2014 StatPak Report including Market in a Minute 
 

Washington D.C. - July 2014


 


CONTRACTS:  Contract activity in June 2014 was up 1.6%% from June of last year, and that increase was the only one in the entire metro area. Through the first half of the year, new contract activity is essentially unchanged, down just 0.3%. However, condos/co-ops and detached homes have seen an increase. Of those properties going under contract in June, 74% were on the market for 30 days or less. For some perspective, 83% of homes going under contract in June 2004 were on the market for 30 days or less; in 2008, it was just 44%.

View the complete Washington D.C. July 2014 StatPak Report including Market in a Minute
 

Loudoun County - July 2014


 


CONTRACTS:  Contract activity in June 2014 was down 15.8% from June of last year, and was down in four of the six price categories. Year-to-date activity is down 10.7%. Of those properties going under contract in June, 55% were on the market for 30 days or less. For some perspective, a whopping 88% of homes going under contract in June 2004 were on the market for 30 days or less; in 2008, it was just 34%.

View the complete Loudoun County July 2014 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 2014 McEnearney Associates Inc, REALTORS®. All rights reserved

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