Sunday, November 25, 2012

DC, MD, VA Open Houses: November 25

In the hyperlinks below I've attached open houses scheduled 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
Sunday, November 25 - 25 opens
Sunday, November 25 - 22 opens
Montgomery County
Bethesda, Chevy Chase, Potomac, Rockville, Silver Spring, Takoma Park
Sunday, November 25 - 47 opens

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.

November 19:  The National Association of Realtors report for U.S. existing home sales -- with data through October 2012 -- was released November 19.  The national median existing-home price is 11.1% above a year ago. This marks eight consecutive monthly year-over-year increases, which last occurred from October 2005 to May 2006.

November 13: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through October 2012 -- was released November 12. Sales are up 16.1% from October 2011, prices increased 13.3%.

November 8: The latest Clear Capital Home Data Index Market Report -- with data through October 2012 -- was released November 8. Clear Capital research methodology shows Washington Metro Area home prices rose 12.9% over October 2011. Nationwide home prices increased 4.3% in the same period.

November 7: The third quarter 2012 report by the National Association of Realtors was released November 7. NAR research methodology shows the national median existing single-family home price was $186,100 in the third quarter, up 7.6% from $173,000 in the third quarter of 2011, which is the strongest year-over-year price increase since the first quarter of 2006. In the condo sector, prices - covering changes in 54 metro areas - rose 7.7% from the third quarter of 2011.

November 6: The CoreLogic Home Price Index (HPI®) -- reporting data through September 2012 -- was released November 6. CoreLogic research methodology shows Washington, DC home prices rose 6.7% over September 2011 while DC Metro Area prices rose 5.3%. Nationwide a gain of 5% was reported.

November 2: Delta Associates Washington Condominium Market Overview -- reporting data for third quarter 2012 -- was released November 2. New condo sales prices up 3.1% in the Washington metro area from September 2011.

October 30 - The Standard & Poor/Case-Shiller Home Price Index -- reporting data through August 2012 -- was released October 30. Washington Metro Area home prices increased 4.3% over August 2011. Nationwide home prices for the composite 20 cities increased 2.0% from August 2011. Washington DC shows the biggest increase in average home prices since January 2000.

October 25: Delta Associates Washington Area Housing Outlook for 3rd quarter 2012 was released October 25. Metro area home prices are up 4%, the average home is selling at 98% of list price. Prices remain highest in DC, Arlington and Alexandria. The average price of a home in third quarter 2012 is $547,277 - 3.2% higher than the third quarter of 2011. Time on market dropped to 54 days, down from 69 days last year.

October 25: The August Pending Home Sales Index of the National Association of Realtors -- with data through September -- was released October 25. Pending U.S. home sales have risen for 17 consecutive months on a year-over-year basis, leading to the solid recovery seen in closed existing-home sales this year. Annually, contracts increased 14.5% over September 2011. Monthly: contracts increased 0.3% from August to September.

October 19: The National Association of Realtors report on U.S. *existing* home sales -- with data through September 2012 -- was released October 19. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are 11% above September 2011. The national median existing-home price for all housing types is up 11.3% from a September of last year. Listed inventory is 20% below 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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