Market in a Minute

Market in a Minute

Market in a Minute & StatPak February 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. 

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 - February 2017 StatPak with Contract Snapshot from January 2017

CONTRACTS: Contract activity in January 2017 was up 14.9% from January 2016, and there were increases in all six price categories. The average number of days on the market for homes receiving contracts was 69 days in January 2017, down from 80 days in January of last year.

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

 

 

Montgomery County - February 2017 StatPak with Contract Snapshot from January 2017

CONTRACTS: Contract activity in January 2017 was up 10.7% from January of 2016 and there was an increase in five of the six price categories. The lone exception was homes priced less than $300,000. The average number of days on the market for homes receiving contracts was down from 77 days in January 2016, compared to 69 days in January 2017.

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

 

 

Washington D.C. - February 2017 StatPak with Contract Snapshot from December 2016

CONTRACTS: Contract activity in January 2017 was up 22.8% from January of 2016, and there were increases in all six price categories. The average number of days on the market for homes receiving contracts was 45 days in January 2017, down from 49 days last January. DC continues to have the shortest average days on market in the metro area. 

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

 

 

Loudoun County - February 2017 StatPak with Contract Snapshot from January 2017

CONTRACTS: Contract activity in January 2016 was up 6.0% from January of 2016, and was up in all but the most expensive of the six price categories. The average number of days on the market for homes receiving contracts decreased from 88 days in January 2016 to 62 days in January 2017.

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