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Archive for the ‘Market Stats’ Category

Two bits of good news today: 1. Pending Home Sales Up Signed contracts for U.S. home resales rose to a nearly two-year high in January, an industry group said on Monday, further evidence of a budding recovery in the housing market. The National Association of Realtors said its Pending Home Sales Index, based on contracts [...]

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The latest report on home prices shows a quarterly decline nationwide, but gains in median prices in the Washington market. The report, from real estate data provider Clear Capital, says median home prices nationwide fell 0.2 percent from the second quarter to the third quarter, but remain 2.4 percent higher than a year ago. By [...]

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There’s been a lot of press this week about the national real estate market and doom and gloom. I wanted to provide some perspective and remind you that real estate is local and, overall, we remain in great shape and are lucky to be where we are. First, the national media reported that NAR’s figures [...]

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WASHINGTON (June 2, 2010) – Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator, rose 6.0 percent to 110.9 based on contracts signed in April, [...]

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As you know, Dave Liniger spoke to many of you last week while on his Demand Success Today Tour. If you’d like all of the resources shown on the slides and discussed, please visit: www.demandsuccesstoday.com/resources

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D.C.-area home prices rose 2.85 percent in June from May – double the national advance of 1.39 percent as measured by the S&P/Case-Shiller survey of 20 major U.S. cities. In the past three months, D.C.-area home prices rose at an annualized rate of 21.8 percent, more than four times the national advance of 5.3 percent [...]

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From the Washington Business Journal: The number of homes sold in Northern Virginia was up 10.55 percent in July over the same month last year, with units spending less time on the market. A total of 2,053 homes worth $946.04 million were sold in Northern Virginia, according to Rockville-based market research firm Metropolitan Regional Information [...]

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…Well some of our neighbors are. CNBC ranked the states with the most millionaires (compared to all households in the state). All three of our jurisdictions appeared on the list of the top fifteen. The study defines millionaire households as those with $1 million or more in investable or liquid assets (excluding sponsored retirement plans [...]

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Time for a deeper look into the Realtor Magazine Top 100 Companies list. Let’s compare traditional companies that made both lists. Let’s first check out Average Transaction Sides per Salesperson for companies in our markets: Prudential Carruthers: 4 NRT, LLC (Coldwell Banker Residential Brokerage): 5 Long & Foster: 5 Rose & Womble: 7 List Average: [...]

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The following is a handy chart to show, perhaps, to prospective buyers who believe that purchasing a home is not a great long term investment. Even after the worst housing market ever, check out the gains over five or ten years. The report is available in pdf here: Top 100 Housing Markets Changes. source: Washington [...]

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