Montgomery County Housing Market Stats: Month of Supply Long And Foster Market Minute Reports (January 2018)
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In January, there was 2.5 months of supply available in Montgomery County, compared to 2.9 in January 2017. That is a decrease of 15% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

Washington, DC Housing Market Stats:Month Supply Long And Foster Market Minute Reports - (January 2018)
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In January, there was 2.1 months of supply available in Washington DC, compared to 2.6 in January 2017. That is a decrease of 20% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.




How Soon Can I Get My Tax Refund? 5 Things to Know

By Susan Tompor
RISMEDIA, Thursday, February 15, 2018— (TNS)



December 2017 Washington, DC Market Trends Report

by Greater Capital Area Association of REALTORS®

December sales up 10.0 percent; median sales price at highest December level

December’s median sales price was $565,000, topping last year’s median by 2.7 percent and recording the highest December level on record. The 695 December sales represented a 10.0 percent increase versus last year and 3.3 percent above the December 5-year average of 673. Even with the median sales price at record highs, supply is scarce with only 1.4 months of supply on hand. There was a 3.2 percent bump in contract activity compared to last December. The 613 overall new pending sales topped the five-year December average by 11.2 percent. Closed sales increased compared to last December in every segment. Half the homes sold in December were on the market for 18 days or less and the competition among buyers kept the median percent of asking price at 99.1 percent.

Closed sales. The 695 December sales represented a 10.0 percent increase versus last year and 3.3 percent above the December 5-year average of 673. The 9,250 cumulative year-to-date sales are 8.6 percent more than the number sold through December of last year.
Contract activity. There was a 3.2 percent bump in contract activity compared to last December. The 613 overall new pending sales topped the five-year December average by 11.2 percent.
Listing activity. The number of new listings decreased 9.9 percent compared to last December. The 511 new listings is slightly above the five-year December average of 507.
Inventory. The 1,069 active listings at month’s end are 1.0 percent less than at the same point last year.
Months of Supply. Supply remains scarce relative to demand, continuing to drive a strong seller’s market in the District. The 1,069 active listings represent just 1.4 months of supply.
Prices. December’s median sales price was $565,000, topping last year’s median by 2.7 percent and recording the highest December level on record.
Days on Market (DOM). Half the homes sold in December were on the market 18 days or less prior to contract, 4 days longer than in December 2016.
Sales Price to Original List Price Ratios (SP to OLP). Half the sellers received 99.1 percent of original list priceor less, exactly the same as last December.
 
December 2017 Montgomery County Market Trends Report
Wednesday, January 10, 2018
by Greater Capital Area Association of REALTORS®

December closed sales dip 2.8 percent; median sales price up 2.5 percent YTD

December’s tally of 926 closed sales dipped below last year’s level by 2.8 percent and below the five-year December average by 1.4 percent. The 717 new pending sales marked a 12.1 percent dip from last December and fell below the five-year December average by 2.6 percent, or 19 contracts. There were 557 new listings added in December, 11.7 percent less than last December’s mark. The 1,569 active listings dip far below last December’s active listing total 1,799 (-12.8%). The 1,569 active listings heading into January represent 1.5 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 1.7 months of supply last December. Half of the homes sold in December were on the market 31 days or less, six days quicker than the median DOM in December 2016. The $410,056 median in December was 1.0 percent lower than last December’s median of $414,000. The year-to-date median sales price was up 2.5 percent to $420,000 over the same time last year. Closed sales rose in the condo/co-op segment while dipping in the detached and townhouse segments.

Contract activity. The 717 new pending sales marked a 12.1 percent dip from last December and fell below the five-year December average by 2.6 percent, or 19 contracts.
Closed sales. December’s tally of 926 closed sales dipped below last year’s level by 2.8 percent and below the five-year December average by 1.4 percent.
Listing activity. There were 557 new listings added in December, 11.7 percent less than last December’s mark. The 1,569 active listings dip far below last December’s active listing total 1,799 (-12.8%).
Prices. The $410,056 median in December was 1.0 percent lower than last December’s median of $414,000. The average sales price in December was $519,650, a .9 percent increase over the December 2016 average of $515,130. The year-to-date median sales price was up 2.5 percent to $420,000 over the same time last year.
Price per Square Foot. The average price per square foot for homes sold in December went up 5.4 percent year-over-year, from $277 to $292.
Days-on-Market (DOM). Half of the homes sold in December were on the market 31 days or less, six days quicker than the median DOM in December 2016. The average DOM was 1 day quicker at 60 days.
Sales Price to Original List Price Ratios (SP to OLP). Sellers received 96.9 percent of original list price on average, up slightly from last December (96.1%). Half of December sellers received at least 97.7 percent oftheir original asking price, nearly the same ratio as in December 2016 (97.4%).
Months of Supply. The 1,569 active listings heading into January represent 1.5 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 1.7 months of supply last December. 

Washington, DC – (January 10, 2018) – The following analysis of the Montgomery County, MD housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.


November 2017 Washington, DC Market Trends Report Tuesday, December 12, 2017
by Greater Capital Area Association of REALTORS®

Median sales price ties last year for highest November level 
on record for Washington, DC

November’s median sales price was $549,000, matching last year’s median exactly and tying the highest November level on record. The 710 November sales represented a 5.8 percent increase versus last year and above the November 5-year average of 617. Even with the median sales price at record highs, supply is scarce with only 1.9 months of supply on hand. There was a 14.7 percent bump in contract activity compared to last November. The 755 overall new pending sales topped the five-year November average by 10.3 percent. Closed sales were down in detached, but up in the townhouse and condo segments compared to last November. Half the homes sold in November were on the market for 13 days or less and the competition among buyers kept the median percent of asking price at 100 percent.

Closed sales. The 710 November sales represented a 5.8 percent increase versus last year and above the November 5-year average of 617. The 8,507 cumulative year-to-date sales are 8.3 percent more than the number sold through November of last year.
Contract activity. There was a 14.7 percent bump in contract activity compared to last November. The 755 overall new pending sales topped the five-year November average by 10.3 percent.
Listing activity. The number of new listings increased 4.6 percent compared to last November. The 880 new listings is significantly above the five-year November average.
Inventory. The 1,433 active listings at month’s end are 7.5 percent more than at the same point last year.
 Months of Supply. Supply remains scarce relative to demand, continuing to drive a strong seller’s market in the District. The 1,433 active listings represent just 1.9 months of supply.
Prices. November’s median sales price was $549,000, matching last year’s median exactly and tying the highest November level on record.
Days on Market (DOM). Half the homes sold in November were on the market 13 days or less prior to contract, four days quicker than in November 2016.
Sales Price to Original List Price Ratios (SP to OLP). Half the sellers received 100.0 percent of original list price or less, virtually the same as last November (99.9 percent).

November 2017 Montgomery County Market Trends Report Monday, December 11, 2017
by Greater Capital Area Association of REALTORS®

Median sales price up slightly as median days on market quickens in Montgomery County

November’s tally of 934 closed sales dipped below last year’s level by 1.8 percent and below the five-year November average by 11.4 percent. The 942 new pending sales marked a .8 percent dip from last November and fell below the five-year November average by 1.1 percent, or 11 contracts. There were 869 new listings added in November, 3.9 percent less than last November’s mark. The 2,052 active listings dip far below last November’s active listing total 2,314 (-11.3%). The 2,052 active listings heading into December represent 2.0 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.2 months of supply last November. Half of the homes sold in November were on the market 25 days or less, three days quicker than the
median DOM in November 2016. The $425,500 median in November was 7.2 percent higher than last November’s median of $397,000. Closed sales rose in the detached segment while dipping in the townhouse and condo/co-op segments.

Contract activity. The 942 new pending sales marked a .8 percent dip from last November and fell below the five-year November average by 1.1 percent, or 11 contracts.
Closed sales. November’s tally of 934 closed sales dipped below last year’s level by 1.8 percent and below the five-year November average by 11.4 percent.
Listing activity. There were 869 new listings added in November, 3.9 percent less than last November’s mark. The 2,052 active listings dip far below last November’s active listing total 2,314 (-11.3%).
Prices. The $425,500 median in November was 7.2 percent higher than last November’s median of $397,000. The average sales price in November was $539,771, a 10.8 percent increase over the November 2016 average of $487,387.
Price per Square Foot. The average price per square foot for homes sold in November went up 6.6 percent year-over-year, from $272 to $290.
Days-on-Market (DOM). Half of the homes sold in November were on the market 25 days or less, three days quicker than the median DOM in November 2016. The average DOM was 10 days quicker at 49 days.
Sales Price to Original List Price Ratios (SP to OLP). Sellers received 97.1 percent of original list price on average, up slightly from last November. Half of November sellers received at least 98.1 percent of their original asking price, a slight increase compared to November 2016.
Months of Supply. The 2,052 active listings heading into December represent 2.0 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.2 months of supply last November. 

Washington, DC – (December 11, 2017) – The following analysis of the Montgomery County, MD housing markethas been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiplelisting data by MarketStats by ShowingTime.






Montgomery County Single Family Home Stats From GCAAR October, 2017


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DC Single Family Home Stats From GCAAR October, 2017

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September 2017 Montgomery County Market Trends Report Median sales price highest since September 2007

Washington, DC – (October 10, 2017) – The following analysis of the Montgomery County, MD housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime. 

September’s tally of 946 closed sales increased over last year’s level by 3.2 percent and also above the five-year September average by 2.2 percent. The 1,099 new pending sales marked a 3.9 percent dip from last September and beat the five-year September average by 3.0 percent, or 32 contracts.  There were 1,602 new listings added in September, 2.7 percent less than last September’s mark. The 2,770 active listings dip far below last September’s active listing total of 2,915 (-5.0%). The 2,770 active listings heading into August represent 2.7 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.8 months of supply last September. Half of the homes sold in September were on the market 24 days or less, four days quicker than the median DOM in September 2016. The average DOM was also four days quicker at 46 days.  The $410,000 median in September was 4.6 percent higher than last September’s median of $392,000 – and the highest September value since 2007.  Closed sales rose in the detached and condo/co-op segments while dipping in the townhouse segment. 

September 2017 Washington, DC Market Trends Report September median sales price drops 6.4 percent but still near record high 
 
Washington, DC – (October 10, 2017) – The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.  
 
September’s median sales price was $501,000, representing a dip of 6.4 percent compared to last year’s median. The 611 September sales represented a 13.7 percent decrease versus last year and below the September five-year average of 620.  The 6,897 cumulative year-to-date sales are 6.0 percent more than the number sold through September of last year.  Even with the median sales price at record highs (third highest September since 1997), supply is scarce with only 2.2 months of supply on hand. There was a 13.6 percent bump in contract activity compared to last September. The 862 overall new pending sales topped the five-year September average by 10.1 percent. Closed sales decreased compared to last September in every segment. Half the homes sold in September were on the market for 15 days or less and the competition among buyers kept the median percent of asking price at 99.2 percent. 

August 2017 Montgomery County Market Trends Report August median sales price reaches highest level in 10 years 
 
Washington, DC – (September 12, 2017) – The following analysis of the Montgomery County, MD housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.  

August’s tally of 1,183 closed sales dipped below last year’s level by 6.9 percent but beat the five-year August average by 3.6 percent. The 1,112 new pending sales marked a 1.9 percent dip from last August but beat the fiveyear August average by 3.2 percent, or 34 contracts.  There were 1,332 new listings added in August, .2 percent more than last August’s mark. The 2,523 active listings dip far below last August’s active listing total 2,751 (-8.3%). The 2,523 active listings heading into August represent 2.4 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.7 months of supply last August. Half of the homes sold in August were on the market 21 days or less, four days quicker than the median DOM in August 2016. The average DOM was five days quicker at 44 days. The $425,000 median in August was 1.7 percent higher than last August’s median of $418,000 and is the highest median price for August in the past 10 years. Closed sales fell in all three segments. 

August 2017 Washington, DC Market Trends Report Closed sales up 6.8 percent over last year, highest August level since 2005 
 
Washington, DC – (September 12, 2017) – The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.  August’s median sales price was $545,000, down 5.3 percent compared to last year. The 835 August sales represented a 6.8 percent increase versus last year and 12.2 percent above the August 5-year average of 744. It is the highest August level since 2005. The 6,259 cumulative year-to-date sales are 8.3 percent more than the number sold through August of last year.  Even with the median sales price at record highs, supply is scarce with only 1.6 months of supply on hand. There was an 8.3 percent bump in contract activity compared to last August. The 768 overall new pending sales topped the five-year August average by 8.0 percent. Closed sales increased compared to last August in every segment. Half the homes sold in August were on the market for 13 days or less and the competition among buyers kept the median percent of asking price at 99.3 percent. 

July 2017 Montgomery County Market Trends Report Median sales price up slightly as median days on market quickens  
 
Washington, DC – (August 14, 2017) – The following analysis of the Montgomery County, MD housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.  The $428,500 median in July was .8 percent higher than last July’s median of $425,000. Closed sales rose in the townhouse segment while dipping in the detached and condo/co-op segments. Half of the homes sold in July were on the market 16 days or less, six days quicker than the median DOM in July 2016. July’s tally of 1,160 closed sales dipped below last year’s level by 7.2 percent and below the five-year July average by 3.5 percent.  The 1,156 new pending sales marked an 8.0 percent dip from last July and fell below the five-year July average by 4.3 percent, or 52 contracts.  There were 1,415 new listings added in July, .2 percent less than last July’s mark. The 2,668 active listings dip far below last July’s active listing total 2,882 (-7.4%). The 2,668 active listings heading into August represent 2.6 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.8 months of supply last July.  
  
 
July 2017 Washington, DC Market Trends Report Median sales price ties last year for highest July level on record 
 
Washington, DC – (August 14, 2017) – The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.  

July’s median sales price was $570,000, matching last year’s median exactly and tying the highest July level on record. The 839 July sales represented a 10.8 percent increase versus last year - above the July 5-year average of 791. Even with the median sales price at record highs, supply is scarce with only 1.9 months of supply on hand. There was a 7.1 percent bump in contract activity compared to last July. The 842 overall new pending sales topped the five-year July average by 8.1 percent. Closed sales increased compared to last July in every segment. Half the homes sold in July were on the market for 11 days or less and the competition among buyers kept the median percent of asking price at 100 percent.  

June 2017 Montgomery County Market Trends Report
Median sales price up 1.1 percent – highest for June since 2008
Washington, DC – (July 12, 2017) – The following analysis of the Montgomery County, MD housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.

Overview
June’s tally of 1,519 closed sales dropped below last year’s level by .8 percent but exceeded the five-year June average by 9.2 percent. The 1,324 new pending sales marked a 4.2 percent drop from last June but beat the fiveyear June average by .7 percent, or 10 contracts. There were 1,781 new listings added in June, 5.2 percent less than last June’s mark. The 2,760 active listings dip far below last June’s active listing total of 3,051 (-9.5%). The 2,760 active listings heading into July represent 2.6 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 3.0 months of supply last June. Half of the homes sold in June
were on the market 13 days or less, four days quicker than the median DOM in June 2016. The average DOM was 10 days lower at 34 days. The $440,000 median in June was 1.1 percent higher than last June’s median of $435,000 and is the highest June median price since 2008. The average sales price in June was $545,893, a .1 percent decrease over the June 2016 average of $546,394. Closed sales fell in the detached home and townhouse segments while rising in the condo/co-op segment.

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June 2017 Washington, DC Market Trends Report
New listings up 25 percent as median sales price reaches highest June level
Washington, DC – (July 12, 2017) – The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by
MarketStats by ShowingTime.

Overview
The number of new listings increased 25.0 percent compared to last June. The 1,348 new listings exceed the fiveyear June average (1,120) by 20.3 percent. In addition, there were double-digit increases in new listings in all three segments. June’s median sales price was $590,000, a 5.4 percent increase over last year’s median of $560,000 and
the highest June level on record. The 901 June sales represented a .7 percent decrease versus last year but are 51 sales above the June 5-year average of 860. The 1,505 active listings represent just 2.1 months of supply. There was a 7.0 percent bump in contract activity compared to last June. The 987 overall new pending sales topped the fiveyear
June average by 9.2 percent. Half the homes sold in June were on the market for 8 days or less and the competition among buyers kept the median percent of asking price at 100 percent.

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May 2017 Washington, DC Market Trends Report
Median sales price is highest May level on record; new listings increase 15.5
percent Washington, DC – (June 12, 2017) – The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.
Overview
May’s median sales price was $599,000, a 5.0 percent increase over last year’s median of $570,500 and the highest May level on record. The 925 May sales represented a 7.6 percent increase versus last year and above the May fiveyear average of 816. The 3,583 cumulative year-to-date sales are 9.6 percent more than the number sold through
May of last year. Even with the median sales price at record highs, supply is scarce with only 1.9 months of supply on hand. There was a 2.8 percent bump in contract activity compared to last May. The 1,004 overall new pending sales topped the five-year May average by 5.5 percent. The number of new listings increased 15.5 percent compared
to last May. The 1,270 new listings beat the five-year May average by 10.9 percent, and new listing activity increased compared to last May in every segment. Half the homes sold in May were on the market for eight days or less and the competition among buyers kept the median percent of asking price at 100 percent.May 2017 Washington, DC Market Trends Report Median sales price is highest May level on record; new listings increase 15.5 percent Washington, DC – (June 12, 2017) – The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.



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Montgomery County November Market Trends - Single Family Stats
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Washington DC November Market Trends - Single Family Stats


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RBI Year to Date Real Estate Statistics for Montgomery County, MD
October 2016
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RBI Year to Date Real Estate Statistics for Chevy Chase, MD
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RBI Year to Date Real Estate Statistics for Washington, DC
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Rosa and Dennis Team
Rosa and Dennis Team
Real Estate Agents