Friday, September 28, 2012

Washington Housing Market Data: August & September

Every month several housing reports are released which include statistics on the Washington Metro Area market.  Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.

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.

September 26

MRIS reports H Street zip code 20002 is one of nine city zip codes where the median sale price through August 2012 is the highest year-to-date level on record. The area includes the lowest days on market (well below the DC average of 26) and the highest list/sales price ratio.

September 25

The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through July 2012 -- was released September 25. DC Metro Area home prices increased 3.7% over July 2011 compared to a nationwide increase of 1.2%.

September 27

The Pending Home Sales Index of the National Association of Realtors -- with data through August 2012 -- was released September 27.  Total U.S. pending homes sales increased 10.7% over August 2011.

September 19

The National Association of Realtors existing home sales report -- with data through August 2012 -- was released September 19.  Total existing home sales nationwide are 9.3% higher than August 2011.  The national median existing-home price for all housing types is up 9.5% from a year ago.

September 10

The Real Estate Business Intelligence report on the DC Metro Area -- with data through August 2012 -- was released September 10. RBI methodology shows DC Metro home prices increased 8.1% over August 2011, sales rose 6.4%.

September 5
The latest Clear Capital Home Data Index Market Report -- with data through August 2012 -- was released September 5. Clear Capital methodology shows DC, Arlington, and Alexandria home prices rose 12.4% over August 2011. By comparison U.S. home prices increased 2.9%.

September 4
The CoreLogic Home Price Index -- reporting data through July 2012 -- was released September 4. CoreLogic methodology shows DC home prices rose 5.8% over July 2011, DC Metro Area prices increased 4.5%. Nationwide home prices rose 3.8%.

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%.

* * *

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.

  Ben Dursch  

202-288-4334 |

No comments:

Post a Comment