Market Stats
Most of the statistics, graphs and charts you’ll find in my web site are extracted from “MRIS” (the Metropolitan Regional Information System), which the “MLS” (multiple listing service) shared by REALTORS in the colored areas to the left ~ Northern Virginia, most of Maryland, all of Washington, DC, the panhandle of West Virginia and parts of Pennsylvania. It is one of the most robust, accurate and comprehensive databases available to provide real estate information and statistics. It’s one of the many tools that I, and other area REALTORS will use to provide YOU, the public, with the information you need to make sound real estate decisions.
REGION WIDE INFORMATION
Inventory
Below, the chart reflects the number of active listings (available homes – aka “Inventory”) within the region. Foreclosures are shown in purple, short sales in red, and the maroon shows the non-bank mediated sales (aka “traditional” sales). As you can see, these foreclosures + short sales (aka “distress sales”) are nearly gone from our market. FINALLY.
Median Prices
The chart below reflects regional median sales prices. Back in 2007 and 2008 (not shown), the distress sales seemed to be the driving factor of area prices. However, our market began to show signs of recovery in 2009, and distress sales have had less and less impact on the overall market for the last many years.
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