MARKET IN A MINUTE
Selling your home is one of the biggest decisions (and undertakings) you go through as an owner.
In order to keep positive equity, deciding WHEN to sell is just as important as how much you decide to list your property at.
Seeing data and trends make a huge difference so you are informed to capitalize at the right time.
Market in a Minute & StatPak February 2017
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, 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.
New in StatPak - The URGENCY Index.
A few months ago we introduced a new metric – 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.
Montgomery County - February 2017 StatPak with Contract Snapshot from January 2017
CONTRACTS: Contract activity in January 2017 was up 10.7% from January of 2016 and there was an increase in five of the six price categories. The lone exception was homes priced less than $300,000. The average number of days on the market for homes receiving contracts was down from 77 days in January 2016, compared to 69 days in January 2017.
Washington D.C. - February 2017 StatPak with Contract Snapshot from December 2016
CONTRACTS: Contract activity in January 2017 was up 22.8% from January of 2016, and there were increases in all six price categories. The average number of days on the market for homes receiving contracts was 45 days in January 2017, down from 49 days last January. DC continues to have the shortest average days on market in the metro area.
Northern Virginia - February 2017 StatPak with Contract Snapshot from January 2017
CONTRACTS: Contract activity in January 2017 was up 14.9% from January 2016, and there were increases in all six price categories. The average number of days on the market for homes receiving contracts was 69 days in January 2017, down from 80 days in January of last year.
You can literally Sell in a Sellers Market and Buy in a Buyers Market.
We have the stats available by the community and by price band. Call, email or message us. We'd be happy to show you how you can take advantage of this unique opportunity in Real Estate.
❤️ YOUR LISTING (YES, IT'S POSSIBLE)
We want our listings to stand out from the crowd, so we decided to keep pushing. Today's technology makes it easier than ever for consumers to view any listing on the market. As agents, we can enter a home into the MLS, click a button, and watch it automatically appear on Zillow, Trulia, etc
Want to learn more about how we can help you sell your home? Request a call and I'll follow up with you to schedule an appointment.