Monday, October 24, 2011
Thursday, October 20, 2011
Bethesda Real Estate - October Analysis
This graph shows the Median Action Index, which is a compilation stat assembled by Altos Research out of California for most major metro areas, and which purports to show whether or not a market is in a Buyer's or Seller's market, and how strongly.
A score of 30 on this graph would indicate a neutral market, with anythig below 30 belonging to a Buyer's market. Clearly, that's where Bethesda is, with the most expensive group of homes, shown in black, even further in a Buyer's market than the overall pool of available properties.
Thursday, September 29, 2011
Fallsgrove MD Homes For Sale - Rockville MD - Inventory Levels
But if you want to read about one other aspect of the community, feel free to hang out here for another few seconds. The graph above follows the number of homes for sale in the Rockville MD community, of which Fallsgrove is just one small piece. Over the past two years, we have seen a few ups and downs, but most of it seems to have washed out with our current levels almost exactly where they were in September of 2009.
Back then, there were almost 300 homes actively trying to find a buyer. That number fell through most of 2010, but early this year, that number started climbing again, and now we are right back at 300 units on the market.
Saturday, September 24, 2011
Wednesday, September 21, 2011
Potomac MD Homes - Real Estate Market Update - September 2011
Yesterday, I wrote an article on our blog at http://dcrealestatemarketplace.com/avenel-homes-for-sale-market-update discussing the state of the Avenel MD homes for sale market, as how it relates to the greater Potomac MD real estate market.
As always, I ended up with too many graphs to shove into one single blog post, so I have come here to share the extra chart. This one is about the DOM, or Days On Market, of homes in Potomac MD, of which Avenel is one sub-group.
Even though median asking prices are dropping, over $200,000 in the past two years and inventory levels are pretty high, it appears that homes are staying on the market about the same amount of time today as they were in September of 2009. Which I find surprising. I certainly would have expected homes to be on the market longer than before.
What this tells me is that the good homes, the homes people are willing to buy, are probably on the market for only a short amount of time. And the other homes, well, they are staying on for a long time before the sellers get tired and then simply take their home off the market without a contract.
Friday, September 16, 2011
Thursday, September 15, 2011
Bethesda real estate - market comparison with Chevy Chase and Potomac MD
The graph above shows the three areas I am most interested in, for today at least, and how long homes for sale in each community are staying for sale, on average. Interestingly, each area now shows that homes are staying active for a shorter time than they were two years ago. This is surprising because their prices have been falling, and there are now more homes availalbe than before. Normally, when we see dropping prices and rising inventory, we would normally expect to see rising DOM, but not so. Interesting.