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Market in a Minute & StatPak
September 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 - September 2014


   


CONTRACTS:  Contract activity in August 2014 was down 8.3% from August of last year, and was down in all price categories below $1,500,000. Through the first eight months of 2014, new contract activity is down 11.1%. Contract activity is down year-to-date in every major sub-area of Northern Virginia as well.

 
 

Montgomery County - September 2014


 


CONTRACTS:  Contract activity in August 2014 was down 11.6% from August of last year, and was down in all six price categories. For the eight months of 2014, new contract activity is down 7.0% compared to the first eight months of 2013.

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

Washington D.C. - September 2014


 


CONTRACTS:  Contract activity in August 2014 was down 8.8% from August of last year – the biggest monthly decline this year. That pulled year-to-date contract activity into the negative category, down 1.7%. Condos/co-ops and detached home activity is barely down, while attached homes are off 5.7% year-to-date.

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

Loudoun County - September 2014


 


CONTRACTS:  Contract activity in August 2014 was down 10.9% from August of last year, with the drops concentrated in the three lowest price categories. Year-to-date activity is down 10.7%. 

View the complete Loudoun County September 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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