Smith | Schnider

  • Services
  • Projects
  • About Us
  • Contact
  • Team
  • News
  • Careers
Facebook
Linked In
Menu

Subscribe To Get News & Updates



    Recent Posts

    • Mortgage Rates News
      In Market News, Smith | Schnider News
      November 29, 2022
    • Big houses, short commutes draw buyers to N.Va. cul-de-sac
      In Market News, Smith | Schnider News
      August 23, 2022
    • Sun Gazette: An Abundance of Style and Substance
      In Market News
      July 27, 2022
    • Home
    • Latest News
    • Market Insights November 2015
    Market News Dec 14, 2015

    Market Insights November 2015

    Residential listings continue to decline from its yearly peak. Listing inventory trended down 2 percent over October, and continued to move slower per normal seasonal patterns, with most markets entering Christmas mode. However, inventory still ended up moving faster than this time last year. The median age of inventory ended at 84 days, which is up 4 percent from October but remains down 9 percent year-over-year.

    In Arlington County, VA, the median sold price for detached properties for November was $850,000, compared to the median sold price for Condo & Coop properties, which was $375,000. The median sold price for single-family homes in Arlington County, VA, has increased 0.9% compared to last month and 13.3% since November 2014. The media sold price for Condo & Coop properties has decreased 4.6% compared to last month and 9.7% from November 2014.

    In Fairfax County, VA, the median sold price for detached properties for November was $618,800, compared to the median sold price for Condo & Coop properties, which was $235,000. The median sold price for single-family homes in Fairfax County, VA, has decreased 0.2% compared to last month and increased 3.2% from November 2014. The median sold price for Condo & Coop properties has decreased 7.8% from last month and 8.4% since November 2014.

    In Washington D.C., the median sold price for Detached properties for November was $825,000, compared to the median sold price for Condo & Coop properties, which was $435,000. The median sold price for single-family homes in Washington D.C. increased 17.9% compared to last month and 26.9% from November 2014. The median sold price for Condo & Coop properties decreased 0.7% from last month and 1.6% from November 2014.

    The Conference Board Consumer Confidence Index, which had decreased moderately in October, declined further in November. The Index now stands at 90.4, down from 99.1 in October. Lynn Franco, Director of Economic Indicators at The Conference Board, stated, “The decline was mainly due to a less favorable view of the job market. Consumers’ appraisal of current business conditions, on the other hand, was mixed. Fewer consumers said conditions had improved, while the proportion saying conditions had deteriorated also declined. Heading into 2016, consumers are cautious about the labor market and expect little change in business conditions.”

    Source: Realtor.com, RBI, Consumer Conference Board

    Arlington, VA Office
    888 North Quincy Street
    Arlington, VA 22203
    703.935.1218

    Washington, D.C. Office
    700 Pennsylvania Ave
    SE, #360
    Washington, DC 20003

    • Services
    • Company
      • About Us
      • Team
      • Careers
      • Contact
    • Projects
    • News
    FOLLOW US

    Get the latest news & insights


    © Copyright Smith Schnider 2023

    Prices, included features and availability are subject to change without notice. Site map

    DIGITAL ALCHEMY
    • Services
    • Projects
    • About Us
    • Contact
    • Team
    • News
    • Careers
    Linked In
    • 888 North Quincy Street | Arlington, VA 22203
      703.935.1218