Saturday, July 14, 2012

DC, MC, VA Open Houses: July 14-15

In the hyperlinks below I've attached open houses scheduled this weekend in DC, Arlington, Alexandria, and the close-in Montgomery County suburbs.

  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show locations & photos.
  • All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.

Washington, DC



Montgomery County
Bethesda, Chevy Chase, Potomac, Rockville, Silver Spring, Takoma Park

New Housing Market Data

The Real Estate Business Intelligence (RBI) analysis of the DC metro area housing market -- with data through June 2012 -- was released July 10.  Compared to June 2011 sales are up 5.7%, inventory has fallen 33.2%.  Low housing inventory has put an upward pressure on prices -- the median sales price rose 5.3% over June of last year.

The latest Clear Capital Home Data Index Market Report -- with data through June 2012 -- was released July 10.  Home prices in the DC area rose 10.1% over June 2011, compared to a nationwide gain of 1.7%. Washington-Arlington-Alexandria ranked 6th out of the 15 highest performing housing markets nationwide.

Delta Associates Washington Condominium Market Overview was released July 5. Condo resale prices increased 8.5% from May of last year while inventory remains low.  Sales are up 36% over the quarterly average in 2011.

For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.

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Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.

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