Market in a Minute

Market in a Minute

Market in a Minute & StatPak July 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 - July 2017 StatPak with Contract Snapshot from June 2017

CONTRACTS: Contract activity in June 2017 was down just 0.8% from June 2016, and there were equally modest decreases in five of the six price categories. The only increase was for homes priced more than $1,500,000. Through the first half of 2017, new contract activity is up 3.8% compared to the first half of 2016. The average number of days on the market for homes receiving contracts was 37 days in June 2017, down from 45 days in June of last year.

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

 

 

Montgomery County - July 2017 StatPak with Contract Snapshot from June 2017

CONTRACTS: Contract activity in June 2017 was down 3.7% from June 2016, but there was an increase in two of the six price categories. Through the first half of 2017, new contract activity is down 3.5% compared to the first half of 2016. The average number of days on the market for homes receiving contracts was 38 days in June 2017, down from 42 days in June of last year.

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

 

 

Washington D.C. - July 2017 StatPak with Contract Snapshot from June 2017

CONTRACTS: Contract activity in June 2017 was up 7.3% from June 2016, and there were increases for five of the six price categories. Through the first half of 2017, new contract activity is up 4.3% compared to the first half of 2016. That’s the best in the metro area. The average number of days on the market for homes receiving contracts was 31 days in June 2017, down slightly from 33 days in June of last year.

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

 

 

Loudoun County - July 2017 StatPak with Contract Snapshot from June 2017

CONTRACTS: Contract activity in June 2017 was up 5.2% from June 2016, but there were decreases in the number of contracts in three of the six price categories. Through the first half of 2017, new contract activity is up just 1.0% compared to the first half of 2016. The average number of days on the market for homes receiving contracts was 29 days in June 2017, down considerably from 42 days in June of last year.

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