NVAR produces new format market reports

March 8, 2007

I stumbled upon new market reports being generated for NVAR by the George Mason University Center for Regional Analysis. Reports for the major areas in Northern Virginia and are available by Condos/Coops, Single Family Attached and Single Family Detached. The reports are in chart form and show one one year trends for:

• Close Price vs. Net Price
• Units Sold
• Average Days on Market

Current reporting month data is displayed as a distribution of:

• Units Sold by Price Range
• New Listings by Price Range

Very nice presentation indeed. It appears "new construction" is included in the analysis. Check these out at NVAR Market Reports and January 2007.

The Center for Regional Analysis is noted for their substantial analysis of the local economy and under the direction of professor Stephen Fuller. Here's an excerpt from the George Mason Website:

The George Mason School of Public Policy's Center for Regional Analysis is the authoritative source of information on economic, housing, and employment trends in the Washington, D.C. metropolitan area. The center, under the direction of Stephen Fuller, a Dwight Schar Professor of Public Policy, uses a proprietary econometric input-output model to forecast reliable economic trends and their impact on job creation, housing, commuting, and population growth.

You may also want to check out the Center for Regional Analysis to see the most recent research reports on the local economy and housing.

A good supplement to the charts produced here ;-).

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