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Market in a Minute & StatPak
November 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. 

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 - November 2014


   


CONTRACTS:  Contract activity in October 2014 was down 1.9% from October of last year, but there was an increase in all but one price category above $500,000. Through the first ten months of 2014, new contract activity is down 9.7%. Contract activity is down year-to-date in every sub-area of Northern Virginia as well.

 
 

Montgomery County - November 2014


 


CONTRACTS:  Contract activity in October 2014 was down slightly - just 1.8% from October of last year, but was down in five of the six price categories. Year-to-date, new contract activity is down 5.8%.

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

Washington D.C. - November 2014


 


CONTRACTS:  Contract activity in October 2014 was down 3.4% from October of last year, but four of the six price categories increased. The drop in activity for homes priced less than $500,000 caused the overall decrease. Year-to-date, contract activity is down 1.2%. However, that’s the best performance in the region.

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

Loudoun County - November 2014


 


CONTRACTS: Contract activity in October 2014 was up 7.3% from October of last year, and Loudoun County was the only one of two jurisdictions with an increase in contracts (Prince William was the other). Year-to-date activity is down 9.1%. 

View the complete Loudoun County November 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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