Market in a Minute

Market in a Minute

Market in a Minute & StatPak April 2018

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, Montgomery County and Prince George’s 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. 

What's The URGENCY Index?

This is simply the measure of the percentage of homes going under contract that were on the market 30 days or less, giving a sense of how quickly buyers feel they must act to put an offer on a home. To see your market's Urgency Index click the link to view the full report.




Northern Virginia - April 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in March 2018 was down 6.1% from March 2017, but there was a modest increase in two of the six price categories. Through the first three months of the year contract activity is down 4.3%. The average number of days on the market for homes receiving contracts was just 30 days in March 2018, down from 39 days in March of last year.

View the complete Northern Virginia April 2018 StatPak Report including Market in a Minute

 

 

Loudoun County - April 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in March 2018 was almost unchanged, down just 0.8% from March 2017. Through the first three months of the year, contract activity is also off just 0.8%. The average number of days on the market for homes receiving contracts was 32 days in March 2018, down from 35 days in March of last year.

View the complete Loudoun County April 2018 StatPak Report including Market in a Minute

 

 

Montgomery County - April 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in March 2018 was down 6.0% from March 2017, and there were decreases in all six price categories. Through the first three months of the year, contract activity is also down 6.0%. The average number of days on the market for homes receiving contracts was 34 days in March 2018, down from 43 days in March of last year.

View the complete Montgomery County April 2018 StatPak Report including Market in a Minute

 

 

Prince George's County - April 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in March 2018 was up 16.1% from March 2017, and there were increases in three of the four price categories with activity. Through the first three months of the year contract activity is up 19.0%. Prince George’s is the only area jurisdiction where contracts are up. The average number of days on the market for homes receiving contracts was 43 days in March 2018, down one day from this time last year.

View the complete Prince George's County April 2018 StatPak Report including Market in a Minute

 

Washington, DC - April 2018 StatPak with Contract Snapshot from March 2018

CONTRACTS: Contract activity in March 2018 was down 6.9% from March 2017, but the decreases were focused in the two lowest price categories. Through the first three months of the year contract activity is down 4.0%. The average number of days on the market for homes receiving contracts was 35 days in March 2018, up slightly from 34 days in March of last year.

View the complete Washington, DC April 2018 StatPak Report including Market in a Minute