Bethesda 20814 - December 2009 vs December 2010 (Single Family Homes) 30 50 70 90 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Active Inventory 2009 vs 2010 2009 2010 -6% 40 Sold 2009 vs 2010 19% 30 40 50 60 70 80 90 Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 Active 0 5 10 15 20 25 30 Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 Under Contract 0 50 100 150 Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 Days on Market 82% 87% 92% 97% 102% Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 List to Sale Ratio 0 25 50 75 n b Active/Sold 2010 Contract Sold Active 34 4 84 94% 36 10 91 91% How's The Monthly Market? ▪ Inventory is down 6% from the same time last year ▪ Contracts are way down 60% from the same time last year ▪ Days on market are down 8% from the same time last year ▪ The percentage of asking price sellers are receiving is up 4% ▪ Total homes sold is up 19% ▪ Median price is up 7% from the same time last year. December 2010 December 2009 30 50 70 90 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Active Inventory 2009 vs 2010 2009 2010 -6% 0 10 20 30 40 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Sold 2009 vs 2010 19% 0 30 60 90 120 150 180 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Days on Market 2009 vs 2010 -8% 85% 90% 95% 100% Jan Feb Mar April May June July Aug Sept Oct Nov Dec List to Sale Ratio 2009 vs 2010 3% $550,000 $650,000 $750,000 $850,000 $950,000 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Median Price Change - 2009 vs 2010 Mo… 0 2 4 6 8 10 Jan-… Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-… Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Months of Supply 2009 - 2010 Active Inventory/Sold 6 Months Supply - Balanced Market Over 6 months Supply - Buyer's Market Under 6 Months Supply - Seller's Market 30 40 50 60 70 80 90 Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 Active 0 5 10 15 20 25 30 Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 Under Contract 0 50 100 150 Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 Days on Market 82% 87% 92% 97% 102% Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 List to Sale Ratio 0 25 50 75 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Jan Feb Mar Apri l Ma y Jun e July Aug Sep t Oct Nov Dec Contract 12 14 18 20 23 23 7 5 11 0 8 4 Sold 11 12 12 15 16 23 33 8 18 10 7 19 Active 46 43 55 68 74 69 59 52 62 65 56 34 Active/Sold 2010 Contract Sold Active 34 4 84 94% 36 10 91 91% 7% How's The Monthly Market? ▪ Inventory is down 6% from the same time last year ▪ Contracts are way down 60% from the same time last year ▪ Days on market are down 8% from the same time last year ▪ The percentage of asking price sellers are receiving is up 4% ▪ Total homes sold is up 19% ▪ Median price is up 7% from the same time last year. The absorption rate, measured often as months of inventory is down to 2 months (this is active inventory divided by sold). Rates have crept up to the upper 4's which is still very low but on a $500,000 house a 3/4 % increase meant that the buyer now had $15,000 less purchasing power than before. These rates staying low should have pushed more and more buyers into the market but they are still fearful of the overall economy. Some still believe that prices will fall but as you can see by these numbers that median is increasing and with rates risings buyers need to beware. 9 homes are under contract . On average, it took 40 before these homes went under contract but only two had a price reduction. That's a good sign! The homes that went under contract quickly were across all price ranges so it's not just a lower priced home that is considered a value. A well priced home will sell! But interesting to note that only one high priced home is under contract and all the rest are just at or below the median price. If you are considering the sale of your home, please call me to discuss the market and how competitive your home will need to be in that marketplace! December 2010 December 2009 30 50 70 90 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Active Inventory 2009 vs 2010 2009 2010 -6% 0 10 20 30 40 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Sold 2009 vs 2010 19% 0 30 60 90 120 150 180 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Days on Market 2009 vs 2010 -8% 85% 90% 95% 100% Jan Feb Mar April May June July Aug Sept Oct Nov Dec List to Sale Ratio 2009 vs 2010 3% $550,000 $650,000 $750,000 $850,000 $950,000 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Median Price Change - 2009 vs 2010 Mo… 0 2 4 6 8 10 Jan-… Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-… Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Months of Supply 2009 - 2010 Active Inventory/Sold 6 Months Supply - Balanced Market Over 6 months Supply - Buyer's Market Under 6 Months Supply - Seller's Market 30 40 50 60 70 80 90 Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 Active 0 5 10 15 20 25 30 Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 Under Contract 0 50 100 150 Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 Days on Market 82% 87% 92% 97% 102% Jan-07 May Sep Jan-08 May Sep Jan-09 May Sep Jan-10 May Sep Jan-11 List to Sale Ratio 0 25 50 75 Jan Feb Mar April May June July Aug Sept Oct Nov Dec Jan Feb Mar Apri l Ma y Jun e July Aug Sep t Oct Nov Dec Contract 12 14 18 20 23 23 7 5 11 0 8 4 Sold 11 12 12 15 16 23 33 8 18 10 7 19 Active 46 43 55 68 74 69 59 52 62 65 56 34 Active/Sold 2010 Contract Sold Active 34 4 84 94% 36 10 91 91% 7% How's The Monthly Market? ▪ Inventory is down 6% from the same time last year ▪ Contracts are way down 60% from the same time last year ▪ Days on market are down 8% from the same time last year ▪ The percentage of asking price sellers are receiving is up 4% ▪ Total homes sold is up 19% ▪ Median price is up 7% from the same time last year. The absorption rate, measured often as months of inventory is down to 2 months (this is active inventory divided by sold). Rates have crept up to the upper 4's which is still very low but on a $500,000 house a 3/4 % increase meant that the buyer now had $15,000 less purchasing power than before. These rates staying low should have pushed more and more buyers into the market but they are still fearful of the overall economy. Some still believe that prices will fall but as you can see by these numbers that median is increasing and with rates risings buyers need to beware. 9 homes are under contract . On average, it took 40 before these homes went under contract but only two had a price reduction. That's a good sign! The homes that went under contract quickly were across all price ranges so it's not just a lower priced home that is considered a value. A well priced home will sell! But interesting to note that only one high priced home is under contract and all the rest are just at or below the median price. If you are considering the sale of your home, please call me to discuss the market and how competitive your home will need to be in that marketplace! December 2010 December 2009
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Transcript
Bethesda 20814 - December 2009 vs December 2010 (Single Family Homes)
30
50
70
90
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
Active Inventory 2009 vs 2010
2009 2010
-6%
40
Sold 2009 vs 2010 19%
30
40
50
60
70
80
90
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Active
05
1015202530
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Under Contract
0
50
100
150
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Days on Market
82%
87%
92%
97%
102%
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
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Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
List to Sale Ratio
0
25
50
75
Ja
n
Fe
b
Active/Sold 2010
Contract Sold Active
34 4 84 94%
36 10 91 91%
How's The Monthly Market?
▪ Inventory is down 6% from the same time last year
▪ Contracts are way down 60% from the same time last year
▪ Days on market are down 8% from the same time last year
▪ The percentage of asking price sellers are receiving is up 4%
▪ Total homes sold is up 19%
▪ Median price is up 7% from the same time last year.
December 2010
December 2009
30
50
70
90
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
Active Inventory 2009 vs 2010
2009 2010
-6%
010203040
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
Sold 2009 vs 2010 19%
0306090
120150180
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
Days on Market 2009 vs 2010 -8%
85%90%95%
100%
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
List to Sale Ratio 2009 vs 2010 3%
$550,000$650,000$750,000$850,000$950,000
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
Median Price Change - 2009 vs 2010Mo…
0
2
4
6
8
10
Ja
n-…
Fe
bM
ar
Ap
rM
ay
Ju
nJu
lA
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pO
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No
vD
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Ja
n-…
Fe
bM
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Ap
rM
ay
Ju
n
Ju
l
Au
g
Se
p
Oct
No
v
De
c
Months of Supply 2009 - 2010
Active Inventory/Sold
6 Months Supply - Balanced Market
Over 6 months Supply - Buyer's Market
Under 6 Months Supply - Seller's Market
30
40
50
60
70
80
90
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
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9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Active
05
1015202530
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Under Contract
0
50
100
150
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Days on Market
82%
87%
92%
97%
102%
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
List to Sale Ratio
0
25
50
75
Ja
n
Fe
b
Ma
r
Ap
ril
Ma
y
Ju
ne
Ju
ly
Au
g
Se
pt
Oct
No
v
De
c
Jan Feb MarApri
lMay
June
July AugSep
tOct Nov Dec
Contract 12 14 18 20 23 23 7 5 11 0 8 4
Sold 11 12 12 15 16 23 33 8 18 10 7 19
Active 46 43 55 68 74 69 59 52 62 65 56 34
Active/Sold 2010
Contract Sold Active
34 4 84 94%
36 10 91 91%
7%
How's The Monthly Market?
▪ Inventory is down 6% from the same time last year
▪ Contracts are way down 60% from the same time last year
▪ Days on market are down 8% from the same time last year
▪ The percentage of asking price sellers are receiving is up 4%
▪ Total homes sold is up 19%
▪ Median price is up 7% from the same time last year.
The absorption rate, measured often as months of inventory is
down to 2 months (this is active inventory divided by sold).
Rates have crept up to the upper 4's which is still very low but on
a $500,000 house a 3/4 % increase meant that the buyer now had
$15,000 less purchasing power than before. These rates staying
low should have pushed more and more buyers into the market
but they are still fearful of the overall economy. Some still
believe that prices will fall but as you can see by these numbers
that median is increasing and with rates risings buyers need to
beware.
9 homes are under contract . On average, it took 40 before these
homes went under contract but only two had a price reduction.
That's a good sign!
The homes that went under contract quickly were across all price
ranges so it's not just a lower priced home that is considered a
value. A well priced home will sell! But interesting to note that
only one high priced home is under contract and all the rest are
just at or below the median price.
If you are considering the sale of your home, please call
me to discuss the market and how competitive your
home will need to be in that marketplace!
December 2010
December 2009
30
50
70
90
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
Active Inventory 2009 vs 2010
2009 2010
-6%
010203040
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
Sold 2009 vs 2010 19%
0306090
120150180
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
Days on Market 2009 vs 2010 -8%
85%90%95%
100%
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
List to Sale Ratio 2009 vs 2010 3%
$550,000$650,000$750,000$850,000$950,000
Jan Feb Mar April May June July Aug Sept Oct Nov Dec
Median Price Change - 2009 vs 2010Mo…
0
2
4
6
8
10
Ja
n-…
Fe
bM
ar
Ap
rM
ay
Ju
nJu
lA
ug
Se
pO
ct
No
vD
ec
Ja
n-…
Fe
bM
ar
Ap
rM
ay
Ju
n
Ju
l
Au
g
Se
p
Oct
No
v
De
c
Months of Supply 2009 - 2010
Active Inventory/Sold
6 Months Supply - Balanced Market
Over 6 months Supply - Buyer's Market
Under 6 Months Supply - Seller's Market
30
40
50
60
70
80
90
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Active
05
1015202530
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Under Contract
0
50
100
150
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Days on Market
82%
87%
92%
97%
102%
Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
List to Sale Ratio
0
25
50
75
Ja
n
Fe
b
Ma
r
Ap
ril
Ma
y
Ju
ne
Ju
ly
Au
g
Se
pt
Oct
No
v
De
c
Jan Feb MarApri
lMay
June
July AugSep
tOct Nov Dec
Contract 12 14 18 20 23 23 7 5 11 0 8 4
Sold 11 12 12 15 16 23 33 8 18 10 7 19
Active 46 43 55 68 74 69 59 52 62 65 56 34
Active/Sold 2010
Contract Sold Active
34 4 84 94%
36 10 91 91%
7%
How's The Monthly Market?
▪ Inventory is down 6% from the same time last year
▪ Contracts are way down 60% from the same time last year
▪ Days on market are down 8% from the same time last year
▪ The percentage of asking price sellers are receiving is up 4%
▪ Total homes sold is up 19%
▪ Median price is up 7% from the same time last year.
The absorption rate, measured often as months of inventory is
down to 2 months (this is active inventory divided by sold).
Rates have crept up to the upper 4's which is still very low but on
a $500,000 house a 3/4 % increase meant that the buyer now had
$15,000 less purchasing power than before. These rates staying
low should have pushed more and more buyers into the market
but they are still fearful of the overall economy. Some still
believe that prices will fall but as you can see by these numbers
that median is increasing and with rates risings buyers need to
beware.
9 homes are under contract . On average, it took 40 before these
homes went under contract but only two had a price reduction.
That's a good sign!
The homes that went under contract quickly were across all price
ranges so it's not just a lower priced home that is considered a
value. A well priced home will sell! But interesting to note that
only one high priced home is under contract and all the rest are
just at or below the median price.
If you are considering the sale of your home, please call
me to discuss the market and how competitive your
home will need to be in that marketplace!
December 2010
December 2009
Days on Market Annually -17%
237 243266 259 244 256
199 205169 186 184
50100150200250300
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
Total Homes Sold Annually-1%
5
15
25
35Ja
n-0
7
Ma
y
Se
p
Ja
n-0
8
Ma
y
Se
p
Ja
n-0
9
Ma
y
Se
p
Ja
n-1
0
Ma
y
Se
p
Ja
n-1
1
Units Sold
$500,000
$700,000
$900,000
$1,100,000
Jan-0
7
Mar
May
Jul
Sep
Nov
Jan-0
8
Mar
May
Jul
Sep
Nov
Jan-0
9
Mar
May
Jul
Sep
Nov
Jan-1
0
Mar
May
Jul
Sep
Nov
Jan-1
1
Median Price
$500,000
$750,000
$1,000,000
$1,250,000
Jan-0
7M
ar
May
Jul
Sep
Nov
Jan-0
8M
ar
May
Jul
Sep
Nov
Jan-0
9M
ar
May
Jul
Sep
Nov
Jan-1
0M
ar
May
Jul
Sep
Nov
Jan-1
1
Average Price
19 $717,000 $918,289
$741,000
$735,000
$740,000
$745,000
Yearly Median Price Change2009 vs 2010
2%
16 $672,000 $766,369
Annual Wrapup ...
At a time of uncertainty in the world, there is a 2% increase in median
price from last year. In fact most of the number are positive: days on
market down 17% and the amount sellers got of their asking price was
up 4%. The only number that could improve is thenumber of homes
sold, which was down ever so slightly by 2 homes, a 1% decrease.
For anyone who bought in the 2007-2008 years it may be a little hard to
recoup their investment but if the home was purchased earlier than