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Market in a Minute & StatPak
May 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 April 2015


   


CONTRACTS:  Contract activity in April 2015 was up 9.9% from April of 2014, and there were increases in all but the lowest price category. Through the first four months of the year, contract activity is up 9.4%. The average number of days on the market for homes receiving contracts increased from 31 days in April 2014 to 36 days in April 2015.

 
 

Montgomery County - Contract Activity for April 2015


 


CONTRACTS:  Contract activity in April 2015 was up 11.0% from April 2014, and for the first four months of the year, it’s up 11.9%. The average number of days on the market for homes receiving contracts increased from 42 days in April 2014 to 44 days in April 2015.

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

Washington D.C. - Contract Activity for April 2015


 


CONTRACTS:  Contract activity in April 2015 was up 5.8% from April 2014, with increases in four of the six price categories. For the first four months of the year, contract activity is up 4.8%. 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 April dropped from 34 days in 2014 to 29 days in 2015. DC not only has the shortest average time on the market in the region, it was the only jurisdiction with a drop in time on the market in April. 

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

Loudoun County - Contract Activity for April 2015


 


CONTRACTS: Contract activity in April 2015 was up 12.7% from April 2014, the seventh straight month with an increase. Through the first four months of the year, contract activity is up 13.0%, the largest increase in the region. The average number of days on the market for homes receiving contracts increased from 50 days in April 2014 to 34 days in April 2015. 

View the complete Loudoun County May 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

Copyright 2015 McEnearney Associates Inc, REALTORS®. All rights reserved

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