Market in a Minute - January 2012

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 - January 2012

Contracts Contract activity in December 2011 was down 5.4% from December of last year. Contract activity for full year 2011 was down 9.2%. Of those properties going under contract in December, roughly 37% were on the market for 30 days or less, and that’s down a bit from recent months, reflecting a traditionally slower market in late fall and early winter. View the complete Northern Virginia Report.               top

Montgomery County - January 2012

Contracts Contract activity in December 2011 was down 9.8% from December of last year. Contract activity for full year 2011 was down 9.5%. Of those properties going under contract in December, roughly 30% were on the market for 30 days or less, and that’s down a bit from recent months, reflecting a traditionally slower market in late fall and early winter. View the complete Montgomery County Report                     top

Washington D.C. - January 2012

Contracts Contract activity in December 2011 was up 1.8% from December of last year – the only area jurisdiction to see an increase. Contract activity for full year 2011 was down just 3.3%. Of those properties going under contract in December, roughly 34% were on the market for 30 days or less, and that’s down a bit from recent months, reflecting a traditionally slower market in late fall and early winter. View the complete Washington D.C. Report top

Loudoun County - January 2012

Contracts Contract activity in December 2011 was down 7.8% from December of last year. Contract activity for full-year 2011 was down 5.5%. Of those properties going under contract in December, roughly 45% were on the market for 30 days or less, which is better than any other area jurisdiction. View complete Loudoun County Report top