Market in a Minute & StatPak
May 2012

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 - May 2012

CONTRACTS: Contract activity in Northern Virginia for April 2012 was up 20.1% from April of last year, and the gains were broad-based as every property type had increases. Year-to-date activity is up 9.6%. Of those properties going under contract in April, more than two thirds – 68.7% - were on the market for 30 days or less, and that is starting to approach the 80% threshold that typified the “boom” years. View the complete Northern Virginia StatPak Report including Market in a Minute

Montgomery County - May 2012

CONTRACTS: Contract activity in Montgomery county for April 2012 was up 7.4% from April of last year; however the increases were confined to detached homes only last month. Condo and attached homes saw modest declines. Year-to-date activity is up 5.2%. Of those properties going under contract in April, 57% were on the market for 30 days or less, and that is a considerable improvement from most of the last year when 35-40% were selling in 30 days. View the complete Montgomery County StatPak Report including Market in a Minute

Washington D.C. - May 2012

CONTRACTS: Contract activity in Washington D.C. for April 2012 was up 8.3% from April of last year, and year-to-date activity is up 7.5%. Activity has increased for condos and detached homes, but not attached homes. Of those properties going under contract in April, more than 60% were on the market for 30 days or less. View the complete Washington D.C. StatPak Report including Market in a Minute

Loudoun County - May 2012

CONTRACTS: Contract activity in Loudoun County for April 2012 was up 18.8% from April of last year, and the gains were broad-based as every property type had increases. Year-to-date activity is up 8.8%. Of those properties going under contract in April, 61.5% were on the market for 30 days or less, not quite as strong as the 80% threshold that typified the “boom” years – but still very good! View complete Loudoun County StatPak Report including Market in a Minute