Market in a Minute

Market in a Minute

Market in a Minute & StatPak April 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 - April 2017 StatPak with Contract Snapshot from March 2017

CONTRACTS: Contract activity in March 2017 was up 4.9% from March 2016, and there were increases in the top four of the six price categories. Through the first quarter of 2017, new contract activity is up 7.0% compared to the first quarter of 2016. The average number of days on the market for homes receiving contracts was 39 days in March 2017, down from 47 days in March of last year.

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

 

 

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

CONTRACTS: Contract activity in March 2017 was down 1.3% from March of 2016, but there was an increase in four of the six price categories. The drop in activity in the lower price ranges is likely due to the very low inventory of available homes. Through the first quarter of 2017, new contract activity is up 1.3% compared to the first quarter of 2016. The average number of days on the market for homes receiving contracts was down from 53 days in March 2016, compared to 43 days in March 2017.

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

 

 

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

CONTRACTS: Contract activity in March 2017 was up 2.6% from March of 2016, and there were increases in three of the six price categories. Through first quarter of 2017, new contract activity is up 9.8% compared to the first quarter of 2016; that increase is the best in metro area. The average number of days on the market for homes receiving contracts was 34 days in March 2017, down from 40 days in March of last year.

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

 

 

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

CONTRACTS: Contract activity in March 2017 was up 6.3% from March of 2016, all of which was in the four highest of the six price categories. Through the first quarter of 2017, new contract activity is up 5.6% compared to the first quarter of 2016.The average number of days on the market for homes receiving contracts decreased significantly from 46 days in March 2016 to 35 days in March 2017.

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