market report: Market Inventory - on the Decline - 11/24/09 09:08 AM
Here is a great depiction showing just how the inventory of homes of sale have decreased since Jan 08.
Experts say that a "Balanced" market; that is a market which is neither a sellers nor a buyers market; is one where there is about 6 months of inventory.
Well as … (0 comments)
market report: Washington DC - Logan Circle / Mt Vernon Square Neighborhoods - SOLD - 08/04/09 09:27 AM
Here are the Properties that sold in this Washington DC Neighborhood: July, 2009 Type of Property #BR/Baths List Price Closed Price # Days on Market Condo 2/2 $549,900 $520,000 415*Condo 2/2 $545,000 $525,000 402*Condo 2/2 $555,000 $530,000 393*RowHouse 2/2 $689,000 $651,990 305Condo 2/2 $899,900 $837,500 200Condo 1/1 $260,000 $260,000 107Condo 1/1 … (0 comments)
It seems almost every offer I am writing now is in Multiple Offers. One set of clients have lost 2 (damn close to full price) offers in the past week. We are … (4 comments)
The number of properties under contract continue to be at higher levels than we have seen in many years. Inventory levels; especially in the Single Family … (2 comments)
I have had multiple clients get out-bid (with their full-price offers) on properties they wanted … (6 comments)
market report: Multiple Offers on Homes? Yes it is happening in Washington DC - 05/07/09 09:09 PM
Several recent news reports have said that more and more homes are receiving Multiple Offers.
In fact in an article in USA Today says that 1 in 10 homes have Multiple Offers. These multiple offers are happening in the first few days of being placed on the market.
Now it is true that home … (1 comments)
market report: The Market is Heating up - just a bit.... - 04/04/09 07:05 PM
This post was inspired by my blog buddy and fellow Realtor, Barbara Duncan in Searcy Arkansas. She talked about homes moving quickly...well guess what...
My clients put their home on the market in a nearby town and the most unthinkable thing happened in the first couple of weeks - they … (2 comments)
market report: Home Prices to Bottom Out (Nationally) this Fall ?? - 02/10/09 08:26 AM
A news article from the Wall Street Journal; states that a new report from Moody's Economy.com; predicts that Home Prices will bottom out in the 4th Quarter of this year.
It cites signs that home sales are stabilizing as people snap up bargains on foreclosures, a decline in the supply of … (0 comments)
market report: Existing Home Sales Increase - 01/26/09 12:08 PM
According to a News release by NAR. "Existing-home sales – including single-family, townhomes, condominiums and co-ops – jumped 6.5 percent to a seasonally adjusted annual rate of 4.74 million units in December." See the FULL STORY
While I do not believe we are nearly out of the woods yet - this does show a … (2 comments)
Capitol Hill Sold Properties: 26 Min Price: $187,000 Max Price: $1,050,00 Ave Price: $525,426 Ave Days on Market: 52
Current Active Listings: … (0 comments)
market report: Washington DC: # of Months of Housing Inventory in the DC Metro area - 09/02/08 08:49 PM
I discussed the DC market conditions a couple of days ago. Let's now take a look at an important factor: Based on the current number of homes selling in a month - how long will it take to sell the current number of homes for sale.
Below is a chart showing … (0 comments)
market report: Washington, DC : Market Update 8/4/2008 - 08/05/08 09:04 PM
Current Number of Homes Active and Under Contract in the Washington DC area:
Here is the breakdown as of August 4th, 2008
This week inventory levels have dropped; mostly due to seasonal drops. Many Listings have expired and many sellers take their homes off the market during what is often 'said' … (2 comments)
market report: Washington, DC : Market Update 7/28/2008 - 07/28/08 09:41 PM
Current Number of Homes Active and Under Contract in the Washington DC area:
Here is the breakdown as of July 28th, 2008
Washington DC, Montgomery County and Arlington County; continue to have inventory levels close to last year.
However in Prince Georges County; the number of properties are SIGNIFICANTLY higher - in fact … (2 comments)
market report: Washington, DC : Market Update 7/21/2008 - 07/23/08 09:02 AM
Current Number of Homes Active and Under Contract in the Washington DC area:
Here is the breakdown as of July 21st, 2008
There is good news and not so good news.
DC: There are fewer condos on the market than there have been at this time in '07 and '06. This … (2 comments)
market report: Washington, DC : Market Update 6/2/2008 - 06/02/08 07:42 PM
Current Number of Homes Active and Under Contract in the Washington DC area:
Here is the breakdown as of June 2nd, 2008
A huge number of homes came off the market at the end of May. This has lowered the Inventories in the DC market this week.
Next week will help … (1 comments)
In most of the DC area, home inventory continues to stay at multi-year highs (with the exception of Arlington County). Arlington County inventories are in fact, lower than … (4 comments)
market report: Washington DC - Logan Circle / Mt Vernon Square Neighborhoods - 05/05/08 01:27 PM
Here are the Properties that sold in this Washington DC Neighborhood: May 2008 Type of Property #BR/Baths List Price Closed Price # Days on Market Condo 2/2 $559,900 $559,900 0* Condo 2/2.5 $949,900 $949,900 186 Semi-Detached 3/1 $599,950 $533,000 133 Row House 4/3.5 $1,249,000 $1,187,000 143 Condo 1/1 $309,000 $309,000 124 Condo 2/1 $415,990 $385,900 167 Condo 2/2 $539,000 $529,000 171 Condo 1/1 $394,000 $375,000 188 Row House 3/1 $449,000 $440,000 110 Condo 1/1 $499,900 $459,000 154 Condo 3/2.5 $575,000 $550,000 166 Condo 2/2 $627,500 $642,500 185 Condo 1/1 $299,900 $285,000 50 Condo 1/1 $489,000 $489,000 50 Row House 3/2.5 $929,000 $899,000 26 Row House 3/2.5 $549,000 $520,000 56 A PARKING … (1 comments)
market report: Washington, DC : Market Update 5/5/2008 - 05/05/08 12:45 PM
Current Number of Homes Active and Under Contract in the Washington DC area: Here is the breakdown as of May 5th, 2008 Home inventories dipped this week; as many homes "EXPIRED" or came off the market because their listing agreements ended. Many will return to the market next week.
example: Single Family Homes in DC; 14 LESS … (1 comments)
market report: Washington, DC : Market Update 4/28/2008 - 04/28/08 06:59 PM
Current Number of Homes Active and Under Contract in the Washington DC area: Here is the breakdown as of April 28th, 2008 The inventories are most notable increased in Prince George County; where a record number of homes are currently For Sale. Single Family Homes in the District are also at multi-year highs. With … (1 comments)
market report: Washington, DC : Market Update 4/21/2008 - 04/21/08 09:52 AM
Current Number of Homes Active and Under Contract in the Washington DC area: Here is the breakdown as of April 21st, 2008 The number of properties continues to increase throughout the Washington DC area. Most notably in Prince Georges County; where there is currently a record number of homes for sale - 45-50% … (2 comments)
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Here is a great depiction showing just how the inventory of homes of sale have decreased since Jan 08. 
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