Daily Market Watch Changed Today

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September 2, 2006

New Construction is now removed from the daily sample as of this morning. The charts will show an abrupt change in all the trends (we did not go back and re-sample the last 30 days). Additionally, the chart window will gradually expand to 90 days. Below are the daily sample for September 1st BEFORE New Construction was removed and also a sample of ONLY New Construction.

DAILY RESALE MARKET WATCH [SEP 2, 7 AM]
BEFORE NEW CONSTRUCTION REMOVED

Total   Fairfax  dom   Loudoun  dom
Listings  7,814na 4,069123
Contracts  1,40080 449112
 
Activity in last 30 days:
Listings  2,38938 93351
Contracts  99379 317118
Sold  1,26167 39792
Expired  601122 321145
Withdrawn  1,56197 760126
Buyer Intensity-0.71  -0.82 
 
Recent Average Price:
LIST Price $570K-- $578K--
SOLD Price  $537K94.2% $533K92.2%
LIST Price = original list price
dom = days active from original list date
NC = New Construction
SPECIAL MARKET WATCH SAMPLE [SEP 2, 7 AM]
NEW CONSTRUCTION ONLY COMPONENT

Total   Fairfax  dom   Loudoun  dom
Listings  624130 707207
Contracts  98101 22109
 
Activity in last 30 days:
Listings  12433 9035
Contracts  2873 10166
Sold  4186 2843
Expired  47127 46187
Withdrawn  90105 93203
Buyer Intensity-0.89  -0.95  
 
Recent Average Price:
LIST Price $845K-- $718K--
SOLD Price  $769K91.0% $686K95.5%
LIST Price = original list price
dom = days active from original list date
NC = New Construction


Reminder: Many builders do not post in the MLS until after closing therefore, the above data is not reflective of actual activity and the reason for removing it from the Daily Sample. On the other hand, the data clearly shows the tremendous weakness in New Construction home sales with Loudoun County suffering to a greater degree.

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