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Market in a Minute & StatPak
October 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. 
Last month 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 - October 2014


   


CONTRACTS:  Contract activity in September 2014 was down 3.1% from September of last year, but there was an increase in all price categories above $750,000. Through the first nine months of 2014, new contract activity is down 10.4%. Contract activity is down year-to-date in every sub-area of Northern Virginia as well.

 
 

Montgomery County - October 2014


 


CONTRACTS:  

Contract activity in September 2014 was up 1.5% from September of last year, and was up in three of the six price categories. However, we’re keeping the arrow pointed down, because new contract activity was down for the third quarter, and year-to-date activity is down 6.2%.

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

Washington D.C. - October 2014


 


CONTRACTS:  Contract activity in September 2014 was up 5.6% from September of last year --- DC was one of only 2 jurisdictions in the region with an increase. Even though total new contract activity is down 1% year-to-date, we’ve turned the arrow up to reflect the most recent trend.

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

Loudoun County - October 2014


 


CONTRACTS:  Contract activity in September 2014 was down 8.2% from September of last year, with the drops concentrated in homes priced less than $750,000. Year-to-date activity is down 10.5%.

View the complete Loudoun County October 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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