virginia: Mid-July Real Trends For The Washington D.C. Metro Area - 07/15/09 08:40 PM
 
Absorption Rate
The absorption rate increased very slightly to 19.23% in June. This increase marks the sixth consecutive month where the absorption rate has increased. As a matter of fact, the current absorption rate is the highest it’s been at this point in the year since the summer of 2006!
Days on Market
The average time to sell a home dipped last month. It still takes about three months to sell a property in the current market. I expect to see an increase in the in the days on market due to the anticipated number of short sale (pre-foreclosure) homes … (0 comments)

virginia: Mid-April Market Trend Report for the Washington DC Metro Area - 04/18/09 08:16 AM
 
In March 2009, the real estate market remained slow, but showed signs that the market may pick up in 2009.  The average days to sell a property remained high (about 3 - 3 ½ months) and the average sales price remained low. However, the absorption rate and the number of sales both increased for a second month in row. The statistics in April and May will be good indicators of the strength of the market this year. If the absorption rate continues to increase in April and May, it would indicate that the pendulum has shifted its direction and is … (0 comments)

virginia: Washington D.C. Metro Area Real Estate Trends - January 2009 - 01/16/09 01:38 PM
Recent Real Estate Market Trends
 
In December 2008, the real estate market remained slow. The average days to sell a property remained high, while the average sales price and buyer demand (or absorption rate) remained low. The good news is that the number of sales in December increased about 10%! This is good news because we currently have an abundance of homes for sale in the D.C. Metro area. 
Attention Buyers and Real Estate Investors! I now believe that we are entering the strongest buyers market that we have seen in a long time. I believe that sales prices will … (0 comments)

virginia: Latest Real Estate Trends In Washington D.C. Metro Area - Adam Iobst, A-Team Home Sales - 10/16/08 11:25 AM
In September 2008, the slow down continued in the D.C. metro area real estate market. The average sales price decreased significantly last month in all counties. The average days to sell properties increased slightly, while the absorption rate and number of properties sold decreased slightly last month.
 
The average absorption rate remained the same in September, changing slightly from 13.55% in August to 12.32% in September. The decrease in buyer demand in September is nothing new. A similar decrease has occurred 3 of past 4 years. We are now entering the Fall/Winter 2008 real estate market. It is an excellent … (0 comments)

 

Adam Iobst

Silver Spring, MD

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