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Washington D.C Metropolitan Area Market Conditions
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® The Long & Foster Market Conditions Report
6
Washington D.C. Metropolitan Area - September 2013
●
●
This September, the median sale price
was $349,600, an increase of 7%
compared to last year.
The current median sale price was 5%
lower than in August.
Highlights
$2
98
,00
0
$2
90
,00
0
$3
00
,00
0
$2
90
,00
0
$2
89
,90
0
$2
80
,00
0
$3
10
,00
0
$3
29
,70
0
$3
45
,00
0
$3
56
,50
0
$3
49
,00
0
$3
40
,00
0
$3
28
,00
0
$3
24
,20
0
$3
35
,00
0
$3
30
,00
0
$3
10
,00
0
$3
20
,00
0
$3
40
,00
0
$3
60
,00
0
$3
75
,00
0
$3
89
,13
5
$3
75
,00
0
$3
69
,90
0
$3
49
,60
0
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Median Sales Price
$422,0
00
$370,0
00
$170,0
00 $419,0
00
$290,0
00
$457,5
00
$375,5
00
$202,0
00 $460,0
00
$309,9
00
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
Fairfax
County
Montgomery
County
Prince
George's
County
District of
Columbia
Prince
William
County
Median Sale PriceOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-1%
-3%
-4%
-5%
4% 4
%
8%
10
%
10
%
7%
7%
5%
10
%
12
%
12
%
14
%
7%
14
%
10
%
9%
9% 9%
7%
9%
7%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Median Sale PricePercent Change Year/Year
® The Long & Foster Market Conditions Report
7
Washington D.C. Metropolitan Area - September 2013
5,1
14
4,6
14
4,6
83
5,0
87
3,8
21
4,2
30
5,3
29 5,9
01
6,9
68
7,3
80
6,6
09
6,6
57
5,3
57
5,3
38 5,8
62
5,3
90
4,2
00
4,3
55
5,7
43
6,5
03
7,8
84
8,2
35
7,8
79
7,3
96
5,7
31
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Total Units Sold
1,0
37
767
639
523
515
1,1
21
877
694
569
515
0
200
400
600
800
1,000
1,200
Fairfax
County
Montgomery
County
Prince
George's
County
District of
Columbia
Prince
William
County
Total Units SoldOf Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
●
This month's total units sold was
higher than at this time last year, an
increase of 7% versus September 2012.
There was a decrease of 23% in total
units sold in September compared to
August.
Highlights-4
% -3% -1%
-4% -1
%
4%
-5%
4%
13
%
2%
6% 8
%
5%
16
%
25
%
6%
10
%
3%
8% 1
0% 1
3%
12
%
19
%
11
%
7%
-30%
-20%
-10%
0%
10%
20%
30%
Total Units SoldPercent Change Year/Year
® The Long & Foster Market Conditions Report
8
Washington D.C. Metropolitan Area - September 2013
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Total Units Sold by Type
Detached Attached Condo
3,092
54%1,752
31%
887
15%
Total Units Sold by TypeCurrent Month
Detached Attached Condo
465
8%
1,783
31%
1,626
28%
832
15%
1,025
18%
Total Units Sold by Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
500
1,000
1,500
2,000
2,500
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
® The Long & Foster Market Conditions Report
9
Washington D.C. Metropolitan Area - September 2013
27
,97
2
26
,55
4
24
,34
2
21
,33
6
20
,36
1
20
,35
9
21
,71
5
22
,54
0
22
,27
3
21
,91
6
20
,57
8
19
,27
1
19
,40
8
18
,43
5
16
,90
2
15
,01
0
14
,62
9
14
,85
9
15
,65
9
17
,31
0
18
,99
1
19
,12
5
19
,03
6
18
,76
5
18
,72
1
0
5,000
10,000
15,000
20,000
25,000
30,000
Total Active Inventory
2,9
49
2,7
12
3,0
10
1,6
78
1,2
962
,964
2,6
57
2,0
05
1,4
49
1,4
21
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Fairfax
County
Montgomery
County
Prince
George's
County
District of
Columbia
Prince
William
County
Total Active InventoryOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-11
%
-15
%
-17
%
-23
%
-24
%
-23
%
-22
%
-23
%
-24
%
-25
%
-27
%
-30
%
-31
%
-31
%
-31
%
-30
%
-28
%
-27
%
-28
%
-23
%
-15
%
-13
%
-7%
-3%
-4%
-45%
-40%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
Total Active InventoryPercent Change Year/Year
●
●
Highlights
This month's supply of available
inventory remained relatively stable
compared to last month.
Versus September 2012, the total
number of homes available was lower
by 687 units or 4%.
® The Long & Foster Market Conditions Report
10
Washington D.C. Metropolitan Area - September 2013
0
5,000
10,000
15,000
20,000
25,000
30,000
Total Active Inventory by Type
Detached Attached Condo
12,738
68%
3,770
20%
2,213
12%
Total Active Inventory
by TypeCurrent Month
Detached Attached Condo
1,188
6%
4,993
27%
4,663
25%
2,865
15%
5,012
27%
Total Active Inventory by
Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
5,000
10,000
15,000
20,000
25,000
30,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
® The Long & Foster Market Conditions Report
11
Washington D.C. Metropolitan Area - September 2013
97
.5%
97
.5%
97
.4%
97
.1%
97
.1%
97
.6%
97
.6%
98
.1%
98
.2%
98
.2%
98
.1%
98
.0%
98
.0%
98
.0%
97
.8% 98
.0%
97
.8%
98
.3%
98
.2%
99
.0%
99
.1% 99
.3%
98
.9%
98
.9%
98
.5%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
98.5%
99.0%
99.5%
Average Sale Price as a Percent of List Price
97.7
%
97.7
%
98.3
%
98.0
% 98.9
%
98.2
%
98.2
%
99.8
%
98.7
%
99.0
%
96.0%
97.0%
98.0%
99.0%
100.0%
Fairfax
County
Montgomery
County
Prince
George's
County
District of
Columbia
Prince
William
County
Sale Price as % of List PriceOf Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago37 53
Down -30% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago98.5% 98.0%
Up 0.5% Vs. Year Ago
93%
94%
95%
96%
97%
98%
99%
100%
101%
Average Sale Price as a Percent of List Price by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up64 63
6567
70 70
65
58
49 48 49 50
5351
48
5456
53
48
39
35
30
3335
37
30
35
40
45
50
55
60
65
70
75Days on Market
® The Long & Foster Market Conditions Report
12
Washington D.C. Metropolitan Area - September 2013$
1,9
00
,16
9
$1
,63
7,7
62
$1
,71
9,4
30
$1
,85
9,1
61
$1
,36
6,3
12
$1
,46
8,9
03
$2
,01
6,6
43
$2
,31
4,4
33
$2
,90
8,4
85
$3
,11
7,0
97
$2
,78
6,3
62
$2
,71
7,0
39
$2
,11
5,2
37
$2
,04
2,9
82
$2
,38
9,1
63
$2
,23
9,5
50
$1
,58
2,8
99
$1
,66
8,0
94 $2
,37
7,1
66
$2
,76
4,2
04 $
3,5
62
,06
1
$3
,81
1,5
05
$3
,55
5,5
52
$3
,23
1,7
03
$2
,44
1,1
31
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
Total Dollar Volume SoldIn Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago$2,441,131,213 $2,115,237,390
Up 15% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago3.3 3.6
Down -10% Vs. Year Ago
5.5 5
.8
5.2
4.2
5.3
4.8
4.1
3.8
3.2
3.0 3.1
2.9
3.6
3.5
2.9
2.8
3.5
3.4
2.7
2.7
2.4
2.3 2.4 2.5
3.3
0
1
2
3
4
5
6
7
Months of SupplyCurrent Month's Active Inventory/Current Month's Unit Sales
●
● In September, there was 3.3 months of
supply available, compared to 3.6 in
September 2012. That was a decrease
of 10% versus a year ago.
Highlights
Total volume sold this September was
15% greater than the same month one
year ago.
® The Long & Foster Market Conditions Report
13
Washington D.C. Metropolitan Area - September 2013
8,2
32
7,2
83
5,8
71
4,5
11
6,9
58 7,8
45
10
,75
2
9,8
94
9,5
29
8,7
78
7,5
66
7,7
33
7,9
40
7,3
82
5,6
49
4,2
00
6,5
73
7,3
75
9,4
27
11
,42
1
11
,56
1
9,8
20
9,5
05
8,8
72
9,1
74
4,6
22
5,0
75
4,4
80
3,9
81 4,8
78
5,6
42 7
,09
4
7,1
56
7,0
11
6,4
03
5,9
07
5,7
84
5,2
90
5,6
84
4,7
93
4,0
91 5,1
49
5,6
84 7
,10
8 8,2
51
7,9
28
7,4
35
7,0
49
6,4
83
6,3
06
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago9,174 7,940
Up 16% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago6,306 5,290
Up 19% Vs. Year Ago
1.8
1.4
1.3
1.1
1.4 1.4
1.5
1.4 1.4 1.41.3
1.3
1.5
1.3
1.2
1.0
1.3 1.3 1.31.4
1.5
1.3 1.3 1.41.5
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2.0
Supply/Demand RatioNumber of New Listings to New Contracts
1,5
19
1,1
11
926
982
605
1,7
09
1,4
80
930
1,0
94
742
0
500
1,000
1,500
2,000
Fairfax
County
Montgomery
County
Prince
George'sCounty
District of
Columbia
Prince
WilliamCounty
New ListingsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
984
813
653
601
467
1,0
91
950
909
702
576
0
500
1,000
1,500
2,000
2,500
Fairfax
County
Montgomery
County
Prince
George'sCounty
District of
Columbia
Prince
WilliamCounty
New ContractsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.5,
similar to the ratio from one year ago.
Highlights
