Local Market Report
(there is no national real estate market)
The market index decreased seasonally again to 1.2 months supply from last month's 1.4. Loudoun County is in the lead with 1.0 months supply; then Northern Virginia at 1.1; Montgomery County at 1.3; and finally Washington DC, with 1.4, where the market actually improved for buyers. Inventory is still less than last year with sales higher. The market will continue to favor sellers for the next 2 to 3 months. Keep your eye on interest rates as the 10-year Treasury yield has been increasing steadily which portends higher mortgage rates.
* * *
The report above is prepared monthly from David's independent research for his clients. It does not contain important data for macro-economists, is not tailored for a TV audience, includes no national data, and is not prepared by the computer weenies at the MLS. Click this link to learn how this report is prepared and why it is the best available anywhere!
1 - The Market Index represents the Months Supply of Resale Homes, and measures the ratio of home buyers to home sellers. Below 1.5 is a hot sellers' market; 1.5 to 3.0 is a normal sellers' market; 3.0 to 5.0 is a neutral market; above 5.0 is a buyers' market.
2 - Northern Virginia: Alexandria, Arlington County, and Fairfax County (including Fairfax City and Falls Church City).
3 - Results are not seasonally adjusted.
* * * * * * *
Your Friend in Real Estate, LLC
Arlington, Virginia, USA
* Copyright © David Rathgeber *
* * All rights reserved. * *
* * * 2018 * * *