Market in a Minute

Market in a Minute

Market in a Minute & StatPak November 2018

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, Montgomery County and Prince George’s 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 - November 2018 StatPak with Contract Snapshot from October 2018

CONTRACTS: Contract activity in October 2018 was down just 0.5% from October 2017 but was up for two of the six price categories. Through the first ten months of the year contract activity is down 2.4%. The average number of days on the market for homes receiving contracts was 38 days in October 2018, down considerably from 55 days in October of last year. 

View the complete Northern Virginia November 2018 StatPak Report including Market in a Minute

 

Loudoun County - November 2018 StatPak with Contract Snapshot from October 2018

CONTRACTS: Contract activity in October 2018 was down 7.6% from last October and was down in three of the six price categories. Through the first ten months of the year, contract activity is down 1.6%. The average number of days on the market for homes receiving contracts was 47 days in October 2018, unchanged from October of last year. 

View the complete Loudoun County November 2018 StatPak Report including Market in a Minute

 

Montgomery County - November 2018 StatPak with Contract Snapshot from October 2018

CONTRACTS: Contract activity in October 2018 was down 4.9% from October 2017 and was down in four of the six price categories. Through the first ten months of the year, contract activity is down 3.5%. The average number of days on the market for homes receiving contracts was 52 days in October 2018, exactly the same as October of last year.

View the complete Montgomery County November 2018 StatPak Report including Market in a Minute

 

Prince George's County - November 2018 StatPak with Contract Snapshot from October 2018

CONTRACTS: Contract activity in October 2018 was down 5.7% from October 2017, entirely because of a drop in homes priced less than $300,000. Through the first ten months of the year contract activity is up 12.9%, the best in the metro area. The average number of days on the market for homes receiving contracts was 54 days in October 2018, up from 46 days this time last year.

View the complete Prince George's County November 2018 StatPak Report including Market in a Minute

 

Washington, DC - November 2018 StatPak with Contract Snapshot from October 2018

CONTRACTS: Contract activity in October 2018 was down 10.6% from October 2017 and was down in five of the six price categories. Through the first ten months of the year contract activity is down 2.3%. The average number of days on the market for homes receiving contracts was 37 days in October 2018, the same as October of last year.

View the complete Washington, DC November 2018 StatPak Report including Market in a Minute