Saturday, July 28, 2012

DC, MD, VA Open Houses: July 28-29

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 and 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

Delta Associates Washington Area Housing Outlook for 2nd quarter 2012 was released July 27. Second quarter prices rose 5.4% over last year, sales volume increased 9.2%. The average selling price in the 2nd quarter of 2012 is 98.1% of list price -- the highest since 3rd quarter 2005. The housing market at mid-year 2012 in the Washington Metro Area appears to be in full recovery.

The National Association of Realtors Pending Home Sales Index -- with data through June 2012 -- was released July 26.  Nationwide contracts rose 9.5% higher than June 2011 levels.

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

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. Washington-Arlington-Alexandria ranked 6th out of the 15 highest performing housing markets nationwide. Home prices in the DC area rose 10.1% over June 2011, compared to a nationwide gain of 1.7%.

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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