Market in a Minute

Market in a Minute

Market in a Minute & StatPak December 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 - December 2017 StatPak with Contract Snapshot from November 2017

CONTRACTS: Contract activity in November 2017 was down 1.1% from November 2016, but that is only because of an 11% drop in contracts on homes priced between $300,000 and $499,999. All other price categories had increases. Through the first eleven months of 2017, new contract activity is up 2.4% compared to the first eleven months of 2016. The average number of days on the market for homes receiving contracts was 62 days in November 2017, down from 68 days in November of last year.

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

 

 

Montgomery County - December 2017 StatPak with Contract Snapshot from November 2017

CONTRACTS: Contract activity in November 2017 was essentially unchanged, up just 0.2% from November 2016, and there were increases in three of the six price categories. Through the first eleven months of 2017, new contract activity is down 3.2% compared to the first eleven months of 2016. The average number of days on the market for homes receiving contracts was 60 days in November 2017, down from 65 days in November of last year.

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

 

 

Washington D.C. - December 2017 StatPak with Contract Snapshot from November 2017

CONTRACTS: Contract activity in November 2017 was up 14.3% from November 2016, and there were increases in all but one of the six price categories. Through the first eleven months of 2017, new contract activity is up 6.0% compared to the first eleven months of 2016. That’s the best in the metro area. The average number of days on the market for homes receiving contracts was 44 days in November 2017, up from 38 days in November of last year.

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

 

 

Loudoun County - December 2017 StatPak with Contract Snapshot from November 2017

CONTRACTS: Contract activity in November 2017 was down 14.0% from November 2016, and there were increase in just two of the six price categories. Through the first eleven months of 2017, new contract activity is down just 1.4% compared to the first eleven months of 2016. The average number of days on the market for homes receiving contracts was 50 days in November 2017, down from 67 days in November of last year.

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