Taking a look at the numbers through a different lens. Recent questions have come
up regarding how market activity compares amongst the different home types
(detached/single family homes, townhomes/rowhomes, condos), so let's take a look.
Overall, it was pretty active month in the area across the board. Two key metrics in
particular, new pending sales and new listings, saw noticeable increases both YoY and
from the previous month. These are important - new "pending" sales represent
homes that have gone under contract, and new listings are homes that are active and
available on the market for the first time. Both are key indicators of activity.
When broken out by home types, the numbers tell a similar story across the board.
Looking at new pending sales for September, detached/single family homes saw a
sizeable YoY increase of +21.8%, similar for townhomes/rowhomes (+17.6%), and
condos (+5%). Though a unique way of looking at the numbers, it can be an insightful
exercise since the different home types often represent the different stages of
buyers.
For a closer look at numbers for each home type, click on each link below for reports
and valuable insights.
DC Metro Area Monthly Market Update
A busy month across the region as essentially all indicators of activity and value saw
increases YoY. In addition, the number of reported how showings also grew by +5.9%
according to a leading platform. Overall, inventory also saw an eighth straight month
of increased supply.
For a full comprehensive breakdown, click below.
Monthly Regional Market Data Reports
Comprehensive reports available available upon direct request or by signing up
Sign-up Page
Click below to sign-up to receive future monthly e-newsletters.
If you or someone you know has any real estate questions or would like to have a
private conversation about listing your home for sale or the buying process, reach
out directly anytime for assistance.
Socials