Market in a Minute

Market in a Minute

Market in a Minute & StatPak August 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 - August 2018 StatPak with Contract Snapshot from July 2018

CONTRACTS: Contract activity in July 2018 was up 3.3% from July 2017 and was up for all homes priced between $500,000 and $1,499,999. Through the first seven months of the year contract activity is down 1.8%. The average number of days on the market for homes receiving contracts was just 35 days in July 2018, down from 41 days in July of last year.

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

 

Loudoun County - August 2018 StatPak with Contract Snapshot from July 2018

CONTRACTS: Contract activity in July 2018 was down just 1.0% from July 2017. Through the first seven months of the year, contract activity is up 1.3%. The average number of days on the market for homes receiving contracts was 34 days in July 2018, down from 43 days in July of last year. 

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

 

Montgomery County - August 2018 StatPak with Contract Snapshot from July 2018

CONTRACTS: Contract activity in July 2018 was up 4.0% from July 2017. However, through the first seven months of the year, contract activity is down 1.7%. The average number of days on the market for homes receiving contracts was 42 days in July 2018, down from 44 days in July of last year.

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

 

Prince George's County - August 2018 StatPak with Contract Snapshot from July 2018

CONTRACTS: Contract activity in July 2018 was up 19.7% from July 2017, and through the first seven months of the year contract activity is up 20.1%. Prince George’s monthly and year-to-date increases in new contracts are by far the best in the region. The average number of days on the market for homes receiving contracts was 40 days in July 2018, exactly the same as this time last year.

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

 

Washington, DC - August 2018 StatPak with Contract Snapshot from July 2018

CONTRACTS: Contract activity in July 2018 was up just 0.5% from July 2017. Through the first seven months of the year contract activity is down 0.5%. The average number of days on the market for homes receiving contracts was 37 days in July 2018, exactly the same as July last year.

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