Market in a Minute

Market in a Minute

Market in a Minute & StatPak May 2017

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. 

What's 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 - May 2017 StatPak with Contract Snapshot from April 2017

CONTRACTS: Contract activity in April 2017 was down 3.9% from April 2016, yet there was an increase for homes priced more than $750,000. April’s new contract number was virtually identical to the previous month, March 2017. Through the first four months of 2017, new contract activity is up 3.4% compared to the first four months of 2016. The average number of days on the market for homes receiving contracts was 32 days in April 2017, down from 36 days in April of last year.

View the complete Northern Virginia May 2017 StatPak Report including Market in a Minute

 

 

Montgomery County - May 2017 StatPak with Contract Snapshot from April 2017

CONTRACTS: Contract activity in April 2017 was down 11.7% from April 2016, yet there was an increase for homes priced more than $1.5 million. April’s new contract number was virtually identical to the previous month, March 2017. Through the first four months of 2017, new contract activity is down 3.0% compared to the first four months of 2016. The average number of days on the market for homes receiving contracts was 38 days in April 2017, down from 46 days in April of last year.

View the complete Montgomery County May 2017 StatPak Report including Market in a Minute

 

 

Washington D.C. - May 2017 StatPak with Contract Snapshot from April 2017

CONTRACTS: Contract activity in April 2017 was down 8.8% from April 2016, yet there was an increase for homes priced more than $1 million. April’s new contract number was also 3% less than the previous month, March 2017. Through the first four months of 2017, new contract activity is up 3.9% compared to the first four months of 2016. The average number of days on the market for homes receiving contracts was 33 days in April 2017, down from 35 days in April of last year.

View the complete Washington, DC May 2017 StatPak Report including Market in a Minute

 

 

Loudoun County - May 2017 StatPak with Contract Snapshot from April 2017

CONTRACTS: Contract activity in April 2017 was down 10.2% from April 2016, with decreases in the number of contracts in four of the six price categories. April’s new contract number was 4% less than the previous month, March 2017. Through the first four months of 2017, new contract activity is up just 0.4% compared to the first four months of 2016. The average number of days on the market for homes receiving contracts was 30 days in April 2017, down from 38 days in April of last year.

View the complete Loudoun County May 2017 StatPak Report including Market in a Minute