Local Market Report
(there is no national real estate market)
The market index decreased seasonally again to 1.8 months supply from last month's 1.9. Washington DC and Loudoun County are tied for the lead with 1.6 months supply; then Northern Virginia and Montgomery County tied at 1.8. It's a tight race just now.
While days on the market are increasing at year-end, months supply and average prices have been favoring home sellers for the past few months. The market will continue to improve for sellers over the next 3 to 5 months.
* * *
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! Raw data is available on request for any month, 1990 to present.
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.
3 - Results are not seasonally adjusted.
* * * * * * *
Your Friend in Real Estate, LLC
Arlington, Virginia, USA
* Copyright © David Rathgeber *
* * All rights reserved. * *
* * * 2018 * * *