Weekly MRIS Market Activity Report: Accelerating Up Until the Tax Credit Deadline

The seller's side of the market is where the action was at for the week ending April 10th. A whopping 63.3% increase from a year ago for new listings posted during the week could mean that sellers are beginning to have a little faith in the market.

Pending sales also saw an increase of 21.2% from a year ago. Over the last three months alone, there have been almost 23% more signed purchase agreements than during the same period in 2009.

In other trends...
Active listings for sale were down 20.1% compared to last year.
The average number of days that the listings were on the market until sale was 114, down 18.6% from last year.
2009 and 2010 sit at even percentage on the housing affordability index.

So what's to come after the tax credit expires? Most likely the market will accelerate to the very end of the deadline, leading into a slower summer selling season.

For the full MRIS Market Report, click here.

Helena Talbot
Broker/Owner
Exit Realty Talbot and Company
Phone: 703-574-3800
Email: Helena@mris.com
www.helenatalbot.net
www.loudouncountyonline.com
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Weekly Market Activity Report: Federal Tax Deadline Creates Burst of MRIS Region Activity

It's getting closer and closer and buyers and sellers are definitely reacting. I'm talking about the federal tax credit deadline. With the final day only 25 days away, the MRIS region saw even more resurgence after the week ending March 27th and an eruption of market activity.

There were 3,382 signed purchase agreements for the week, which is an increase of 44.7%. On top of that, at 5,315 new listings in the MRIS region, there was a new listing increase of 26.9% from the year before.

A few other interesting trends:
Pending sales were also up compared to last year at 30,103.
The length of time that homes stayed on the market until sale went down 16.2% from last year.
The house affordability index is down 8.8% compared to last year, but up compared to 2003.

For the full MRIS activity report, click here.

Helena Talbot
Broker/Owner
Exit Realty Talbot and Company
Phone: 703-574-3800
Email: Helena@mris.com
www.helenatalbot.net
www.loudouncountyonline.com
My Featured Listings
Become a Facebook Fan
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Weekly Market Activity Report: Snow Can't Keep Loudoun Down

The MRIS housing market is too tough to let a little thing like a snow storm hold it down. In fact, it rebounded strongly for the week ending February 20th.

There were 2,288 signed purchase agreements that week alone, which is an 800 unit jump from the prior week. New listings also bounced back, with 3,259 newly listed properties - a jump of 1200 units from the previous week!

A few other interesting trends. The MRIS Region is...
Up 3.9% from last year on the percent of original list price received at sale.
Even in our housing affordability index compared to last year, but up compared to 2003.
Down 36% on the month's supply of inventory.

Check out the full MRIS Weekly Market Activity Report.

Helena Talbot
Broker/Owner
Exit Realty Talbot and Company 

Phone: 703-574-3800

Email: Helena@mris.com
www.loudouncountyonline.com

My Featured Listings

Become a Facebook Fan
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