Market in a Minute

Market in a Minute

Market in a Minute & StatPak April 2019

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 2019 StatPak with Contract Snapshot from March 2019

CONTRACTS: Contract activity in March 2019 was up 1.0% from March 2018 and was up for the four higher price categories. Through the first three months of the year, contract activity is down 3.7% The average number of days on the market for homes receiving contracts was just 21 days in March 2019, down from 30 days in March of last year.

View the complete Northern Virginia April 2019 StatPak Report including Market in a Minute

 

Loudoun County - April 2019 StatPak with Contract Snapshot from March 2019

CONTRACTS: Contract activity in March 2019 was down 4.6% from last March and was down in three of the six price categories. Through the first three months of the year contract activity is down 6.7%. The average number of days on the market for homes receiving contracts was 25 days in March 2019, down from 32 days in March of last year.

View the complete Loudoun County April 2019 StatPak Report including Market in a Minute

 

Montgomery County - April 2019 StatPak with Contract Snapshot from March 2019

CONTRACTS: Contract activity in March 2019 was down 3.3% from March 2018 and was down in four of the six price categories. Through the first three months of the year contract activity is down 3.3%. The average number of days on the market for homes receiving contracts was 39 days in March 2019, up five days from 34 days in March of last year.

View the complete Montgomery County April 2019 StatPak Report including Market in a Minute

 

Prince George's County - April 2019 StatPak with Contract Snapshot from March 2019

CONTRACTS: Contract activity in March 2019 was up 8.0% from March 2018 because of increases in activity for homes priced between $300,000 and $749,999. Through the first three months of the year, contract activity is up 5.9%. The average number of days on the market for homes receiving contracts was 52 days in March 2019, up from 43 days this time last year.

View the complete Prince George's County April 2019 StatPak Report including Market in a Minute

 

Washington, DC - April 2019 StatPak with Contract Snapshot from March 2019

CONTRACTS: Contract activity in March 2019 was up 8.1% from March 2018 and was up in five of the six price categories. Through the first three months of the year contract activity is up 2.6%. DC and Prince George’s County, MD are the only metro area jurisdictions with a year-to-date increase in contracts. The average number of days on the market for homes receiving contracts was 33 days in March 2019, down slightly from 35 days in March of last year.

View the complete Washington, DC April 2019 StatPak Report including Market in a Minute