Weekly Market Update Housing Report Mid Atlantic November 28, 2011
Weekly Market Update Report Quick Facts
CHANGE IN NEW LISTINGS CHANGE IN PENDING SALES CHANGE IN INVENTORY
-13.1% +18.1% -23.4%
Data current as of November 28, 2011
New Listings Pending Sales Inventory recent data show buyers continued to exceed their November 2010 purchase volumes. Sellers weren’t so keen, posting fewer newly-listed properties on the MLS than at this time last year. With roughly 87.5 percent of 2011 data in the books, the clever observers will start snapping sneak peeks of annual statistics and watching YTD numbers a little closer than usual In the Mid-Atlantic region, for the week ending November 19:
• New Listings decreased 13.1% to 2,508
• Pending Sales increased 18.1% to 2,271
• Inventory decreased 23.4% to 50,326
For the month of October:
• Median Sales Price decreased 5.7% to $249,900
• Days on Market increased 14.7% to 95
• Percent of Original List Price Received decreased 0.5% to 92.4%
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