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Market in a Minute & StatPak
December 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 - December 2014


   


CONTRACTS:  Contract activity in November 2014 was up 2.4% from November of last year, and there were increases in four of the six price categories. Through the first eleven months of 2014, new contract activity is down 8.9%. The average number of days on the market for homes receiving contracts increased from 50 last year to 67 this year.

 
 

Montgomery County - December 2014


 


CONTRACTS:  Contract activity in November 2014 was up 5.3% from November of last year, but was down in three of the six price categories. Year-to-date, new contract activity is down 5.0%. The average number of days on the market for homes receiving contracts increased from 55 last year to 69 this year.

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

Washington D.C. - December 2014


 


CONTRACTS:  Contract activity in November 2014 was up 1.3% from November of last year, but four of the six price categories decreased. While DC continues to have the strongest market in the region, its contract activity increase was the smallest among all jurisdictions. Year-to-date, contract activity is down just 1.1%. Year-to-date activity is down 8.3%. The average number of days on the market for homes receiving contracts increased from 43 last year to 52 this year.

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

Loudoun County - December 2014


 


CONTRACTS: Contract activity in November 2014 was up 3.1% from November of last year, the second straight month with an increase. Year-to-date activity is down 8.3%. The average number of days on the market for homes receiving contracts increased from 56 last year to 83 this year. 

View the complete Loudoun County December 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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