Market in a Minute & StatPak
June 2013
We profile the most important market indicators every month - contract activity, interest rates, inventory, affordability and direction of the market - in an easy to read and digest summary. It's not just the numbers; it provides context to understand why the numbers are important and what they mean for the future of the market. Published for Northern Virginia, Loudoun County, Washington, DC and Montgomery County.
A quick summary of last month's contract activity is shown below. To see the complete "Market in a Minute" reports for each jurisdiction we cover, click on the corresponding links.
Northern Virginia - June 2013
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CONTRACTS: Contract activity in May 2013 was up 10% from May of last year, and was up in all but the highest and lowest price categories. Through the first five months of 2013, total activity is up 3.6%. Of those properties going under contract in May, 80% were on the market for 30 days or less. For some perspective, 95% of homes going under contract at the peak of the market in May 2004 were on the market for 30 days or less; in 2008, it was just 38%.
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Montgomery County - June 2013
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CONTRACTS: Contract activity in May 2013 was up 13% from May of last year, and was up in all but the lowest price category. Through the first five months of 2013, total activity is up 5.4%. Of those properties going under contract in May, 73% were on the market for 30 days or less. For some perspective, 92% of homes going under contract at the peak of the market in May 2004 were on the market for 30 days or less; in 2008, it was just 36%.
View the complete Montgomery County June 2013 StatPak Report including Market in a Minute
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Washington D.C. - June 2013
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CONTRACTS: Contract activity in May 2013 was up 17.4% from May of last year, but was down slightly in the two lowest price categories. Through the first five months of 2013, total activity is up 9.3%, the best performance in the region. Of those properties going under contract in May, 76% were on the market for 30 days or less. For some perspective, 84% of homes going under contract at the peak of the market in May 2004 were on the market for 30 days or less; in 2008, it was just 47%.
View the complete Washington D.C. June 2013 StatPak Report including Market in a Minute
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Loudoun County - June 2013
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CONTRACTS: Contract activity in May 2013 was up 12.6% from May of last year, and was up in all but the highest and lowest price categories. Through the first five months of 2013, total activity is up 6.6%. Of those properties going under contract in May, 76% were on the market for 30 days or less. For some perspective, 92% of homes going under contract at the peak of the market in May 2004 were on the market for 30 days or less; in 2008, it was just 36%.
View the complete Loudoun County June 2013 StatPak Report including Market in a Minute
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