Saturday, September 1, 2012

DC, MC, VA Open Houses: September 1-2

In the hyperlinks below I've attached open houses scheduled in MRIS this weekend for 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 maps 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

Washingt0n Housing Market Data

August 28: The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through June 2012 -- was released August 28. DC Metro Area home prices increased 3.9% over June 2011 compared to a nationwide increase of 1.2%.

August 28: The CoreLogic® National Foreclosure Report -- with data through July 2012 -- was released August 28.   Washington has the 2nd lowest foreclosure rate nationwide.  The District's foreclosure inventory is 2.2%.

August 17: The RBI MarketWatch video housing report -- with data through July 2012 -- was released August 17. The July median sale price in DC of $457,500 is the highest on record for the city. Sales increased 7.8% over July 2011, the highest July total in 3 years. Contracts rose 4.8%, the highest July total in 7 years.

August 13: The most recent GCAAR Home Sales Statistics -- with data through July 2012 -- show remarkably low housing inventory has produced higher sales, most notably in the condo/coop markets for both DC and Montgomery County.

August 10: The Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through July 2012 -- was released August 10. Sales have increased 5.1% over July 2011, while prices are up 4.1%. Housing inventory is at its lowest in 7 years exerting an upward pressure on prices.

August 7: The latest Clear Capital Home Data Index Market Report -- with data through July 2012 -- was released August 7. Washington metro home prices rose 12.8% over July 2011 compared to growth of 2.2% nationwide.

July 27: 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.

July 5: 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.

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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