Tuesday, March 27, 2012

Real Estate Business Intelligence Sales Statistics

For sales statistics in your neighborhood search Real Estate Business Intelligence (RBI). RBI is the research component of Metropolitan Regional Information Systems (MRIS) -- the Washington area's multiple listing service. Just enter your zip code and search.

The latest RBI sales statistics for Washington -- with data through February 2012 -- were released earlier this month. Unlike Standard & Poor's Home Price Index, which reports only single-family home sales on a two-month lag, RBI's methodology reports sales statistics for the past month in specific DC metro jurisdictions, and incorporates all property types including single-family homes, townhouses, condos/coops.

The RBI data shows the following numbers for the city of DC only:

  • Median Sold Price: jumped 10.69% over February 2011 and 6.27% from the previous month
  • Average Sold Price: increased 7.86% last year but dropped 4.79% month before

The latest RBI sales statistics for the entire DC Metro area -- with data through February 2012 -- were also released earlier this month. The RBI methodology reports the following price changes for DC Metro:

  • Median Sold Price: is up 5.97% over February 2011 and 2.55% from January 2012
  • Average Sold Price: increased 3.27% over last year but dropped 2.12% from one month before

RBI defines the DC Metro area to include the following 8 jurisdictions:

  • Alexandria City, VA
  • Arlington County, VA
  • Fairfax City, VA
  • Fairfax County, VA
  • Falls Church City, VA
  • Montgomery County, MD
  • Prince George's County, MD
  • Washington, DC

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