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Market in a Minute & StatPak
June 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 - Contract Activity for May 2015


   


CONTRACTS:  Contract activity in May 2015 was up 8.8% from May of 2014, and there were increases in all but the highest price category. Through the first five months of the year, contract activity is up 9.3%. The average number of days on the market for homes receiving contracts increased from 30 days in May 2014 to 37 days in May 2015.

 
 

Montgomery County - Contract Activity for May 2015


 


CONTRACTS:  Contract activity in May 2015 was up 9.9% from May 2014, and for the first five months of the year, it’s up 11.4%. The average number of days on the market for homes receiving contracts increased from 38 days in May 2014 to 45 days in May 2015.

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

Washington D.C. - Contract Activity for May 2015


 


CONTRACTS:  Contract activity in May 2015 was up 3.6% from May 2014, with increases in three of the six price categories. For the first five months of the year, contract activity is up 4.5%. In both cases, those increases are the lowest in the Metro Area – but that’s because there is so little inventory in DC. The average number of days on the market for homes receiving contracts in May increased from 29 days in 2014 to 32 days in 2015. However, DC still has the shortest average time on the market in the region.

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

Loudoun County - Contract Activity for May 2015


 


CONTRACTS: Contract activity in May 2015 was up 17.8% from May 2014, the largest increase in the region and the eighth straight month with an increase. Through the first five months of the year, contract activity is up 14.1%, also the largest increase in the region. The average number of days on the market for homes receiving contracts increased from 33 days in May 2014 to 47 days in May 2015.

View the complete Loudoun County June 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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