Saturday, October 13, 2012

DC MD VA Open Houses: October 13-14

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

Monthly Housing Market Data

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.

October 10: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through September 2012 -- was released October 10. Sales have increased 4.7% over September of last year. Close prices have risen 6.5%, contracts are up 9.6%, average time on market is down to 26 days.

October 2: The CoreLogic Home Price Index -- with data through August 2012 -- was released October 2. CoreLogic methodology shows Washington home prices rose 5.5% over August 2011. Nationwide, home prices gained 4.6%.

October 2: The latest Clear Capital Home Data Index Market Report -- with data through September 2012 -- was released October 2. Clear Capital's methodology shows home prices in the DC Metro area rose 12.2%. Home prices nationwide increased 3.6%.

September 26: MRIS blog "REsource" reports nine Washington zip codes have a median sales price through August 2012 that 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. Case-Shiller methodology shows 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.

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.

Ben Dursch

202-288-4334 |

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