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Market in a Minute & StatPak
April 2014

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

 

Washington, DC

Loudoun County, Virginia

 

Montgomery County, Maryland                              

Northern Virginia - April 2014


   


CONTRACTS:  Contract activity in March 2014 was down 10.4% from March of last year, and was down or unchanged in all six price categories. Through the first quarter of 2014, new contract activity is also down 10.4%. Of those properties going under contract in March, 72% were on the market for 30 days or less. For some perspective, 92% of homes going under contract March 2004 were on the market for 30 days or less; in 2008, it was just 38%.

 
 

Montgomery County - April 2014


 


CONTRACTS:  Contract activity in March 2014 was down 6.7% from March of last year, and was down in all six price categories. Year-to-date, new contract activity is down 10.5%. Of those properties going under contract in March, 67% were on the market for 30 days or less. For some perspective, 88% of homes going under contract March 2004 were on the market for 30 days or less; in 2008, it was just 36%.

View the complete Montgomery County April 2014 StatPak Report including Market in a Minute 
 

Washington D.C. - April 2014


 


CONTRACTS:  Contract activity in March 2014 was down 2.1% from March of last year, but that decrease was the smallest in the entire metro area. Three of the six price categories actually had increases. Of those properties going under contract in March, 68% were on the market for 30 days or less. For some perspective, 80% of homes going under contract March 2004 were on the market for 30 days or less; in 2008, it was just 44%.

View the complete Washington D.C. April 2014 StatPak Report including Market in a Minute
 

Loudoun County - April 2014


 


CONTRACTS:  Contract activity in March 2014 was up 1.3% from March of last year, and Loudoun was the only area jurisdiction we track with an increase. Year-to-date, however, new contract activity is down 6.6%. Of those properties going under contract in March, 66% were on the market for 30 days or less. For some perspective, 91% of homes going under contract March 2004 were on the market for 30 days or less; in 2008, it was just 32%.

View the complete Loudoun County April 2014 StatPak Report including Market in a Minute
 

 

 
 

703-549-9292
109 S. Pitt Street, Alexandria, VA 22314

Market leaders in Northern Virginia, Maryland and
Washington, DC real estate since 1980.

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