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The Long & Foster Market Conditions Report
- August 2013 Release -
www.longandfoster.com
®
The Long & Foster Market Conditions Report
2
Page Content
3 Executive Summary: The Mid-Atlantic Metropolitan Statistical Areas ‘At A Glance’
6 Washington D.C. Metropolitan Area
14 Baltimore Metropolitan Area
22 Richmond Metropolitan Area
30 Philadelphia Metropolitan Area
38 The Triangle, NC Area
46 Hampton Roads Area
54 Roanoke Metropolitan Area
62 Wilmington, DE Area
70 Eastern Shore MD/DE Area (Includes Caroline, Dorchester, Kent, Queen Anne's, Somerset, Talbot, Wicomico, and
Worcester Counties in Maryland and Sussex County in Delaware)
Appendix
78 References & Definitions
80 Contacts & Disclaimers
®
The Long & Foster Market Conditions Report
3
Market Highlights ‘At A Glance’ - August 2013
Richmond Metropolitan
Area
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Washington D.C.
Metropolitan Area
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Baltimore Metropolitan
Area
Vs. Year AgoVs. Year AgoVs. Year Ago Vs. Year Ago Vs. Year Ago
0
500
1,000
1,500
2,000
2,500
3,000
3,500
A-11 D-11 A-12 A-12 D-12 A-13 A-13
9,000
11,000
13,000
15,000
17,000
19,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
$150,000
$190,000
$230,000
$270,000
$310,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
30
40
50
60
70
80
90
100
110
A-11 D-11 A-12 A-12 D-12 A-13 A-13
0
2,000
4,000
6,000
8,000
10,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
$200,000
$240,000
$280,000
$320,000
$360,000
$400,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
20
30
40
50
60
70
80
A-11 D-11 A-12 A-12 D-12 A-13 A-13
10,000
15,000
20,000
25,000
30,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
98.5%
99.0%
99.5%
A-11 D-11 A-12 A-12 D-12 A-13 A-13
250
450
650
850
1,050
1,250
1,450
1,650
1,850
A-11 D-11 A-12 A-12 D-12 A-13 A-13
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
40
50
60
70
80
90
A-11 D-11 A-12 A-12 D-12 A-13 A-13
5,000
6,000
7,000
8,000
9,000
10,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
A-11 D-11 A-12 A-12 D-12 A-13 A-13
93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
A-11 D-11 A-12 A-12 D-12 A-13 A-13
®
The Long & Foster Market Conditions Report
4
Market Highlights ‘At A Glance’ - August 2013
The Triangle, NC Area
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Philadelphia Metropolitan
Area
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Hampton Roads Area
1,000
2,000
3,000
4,000
5,000
6,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
$250,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
50
60
70
80
90
100
110
120
A-11 D-11 A-12 A-12 D-12 A-13 A-13
19,000
24,000
29,000
34,000
39,000
44,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
92.0%
93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
A-11 D-11 A-12 A-12 D-12 A-13 A-13
500
1,000
1,500
2,000
2,500
3,000
3,500
A-11 D-11 A-12 A-12 D-12 A-13 A-13
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
70
80
90
100
110
120
130
140
150
A-11 D-11 A-12 A-12 D-12 A-13 A-13
8,000
10,000
12,000
14,000
16,000
18,000
20,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
92.0%
93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
A-11 D-11 A-12 A-12 D-12 A-13 A-13
100
600
1,100
1,600
2,100
2,600
A-11 D-11 A-12 A-12 D-12 A-13 A-13
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
70
80
90
100
110
120
A-11 D-11 A-12 A-12 D-12 A-13 A-13
8,000
9,000
10,000
11,000
12,000
13,000
14,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
A-11 D-11 A-12 A-12 D-12 A-13 A-13
®
The Long & Foster Market Conditions Report
5
Market Highlights ‘At A Glance’ - August 2013
Eastern Shore MD/DE
Area
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Roanoke Metropolitan
Area
Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago
Wilmington, DE Area
0
50
100
150
200
250
300
350
400
A-11 D-11 A-12 A-12 D-12 A-13 A-13
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
50
70
90
110
130
150
A-11 D-11 A-12 A-12 D-12 A-13 A-13
1,000
1,500
2,000
2,500
3,000
3,500
A-11 D-11 A-12 A-12 D-12 A-13 A-13
91.0%
92.0%
93.0%
94.0%
95.0%
96.0%
97.0%
A-11 D-11 A-12 A-12 D-12 A-13 A-13
0
200
400
600
800
1,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
50
60
70
80
90
100
110
120
A-11 D-11 A-12 A-12 D-12 A-13 A-13
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
A-11 D-11 A-12 A-12 D-12 A-13 A-13
92.0%
93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
A-11 D-11 A-12 A-12 D-12 A-13 A-13
0
200
400
600
800
1,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
A-11 D-11 A-12 A-12 D-12 A-13 A-13
50
100
150
200
250
A-11 D-11 A-12 A-12 D-12 A-13 A-13
3,500
4,500
5,500
6,500
7,500
8,500
9,500
10,500
11,500
A-11 D-11 A-12 A-12 D-12 A-13 A-13
86.0%
88.0%
90.0%
92.0%
94.0%
96.0%
A-11 D-11 A-12 A-12 D-12 A-13 A-13
®
The Long & Foster Market Conditions Report
6
Washington D.C. Metropolitan Area - August 2013
●
●
This August, the current median sale
price of $369,900 was similar to the
median sale price of last month.
The current median sale price was 9%
higher than the same month last year.
Highlights
$324,000
$298,000
$290,000
$300,000
$290,000
$289,900
$280,000
$310,000
$329,700
$345,000
$356,500
$349,000
$340,000
$328,000
$324,000
$335,000
$330,000
$310,000
$319,900
$340,000
$360,000
$375,000
$389,000
$375,000
$369,900
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Median Sales Price
$440,000
$370,000
$435,000
$175,000
$275,500
$468,000
$415,950
$463,500
$209,450
$312,500
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
Fairfax
County
Montgomery
County
District of
Columbia
Prince
George's
County
Prince
William
County
Median Sale Price
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
1%
-1%
-3%
-4%
-5%
4%
4%
8%
10%
10%
7%
7%
5%
10%
12%
12%
14%
7%
14%
10%
9%
9%
9%
7%
9%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Median Sale Price
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
7
Washington D.C. Metropolitan Area - August 2013
6,158
5,114
4,614
4,683
5,087
3,822
4,230
5,329
5,901
6,968
7,380
6,609
6,657
5,356
5,336
5,861
5,388
4,196
4,346
5,730
6,488
7,870
8,219
7,844
7,253
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Total Units Sold
1,412
977
645
779
627
1,498
1,120
760
716
626
0
200
400
600
800
1,000
1,200
1,400
1,600
Fairfax
County
Montgomery
County
District of
Columbia
Prince
George's
County
Prince
William
County
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
●
This month's total units sold was
higher than at this time last year, an
increase of 9% versus August 2012.
There was a decrease of 8% in total
units sold in August compared to July.
Highlights
6%
-4%
-3%
-1%
-4%
-1%
4%
-5%
4%
13%
2%
6%
8%
5%
16%
25%
6%
10%
3%
8%
10%
13%
11%
19%
9%
-30%
-20%
-10%
0%
10%
20%
30%
Total Units Sold
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
8
Washington D.C. Metropolitan Area - August 2013
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Total Units Sold by Type
Detached Attached Condo
3,960
55%2,135
29%
1,158
16%
Total Units Sold by Type
Current Month
Detached Attached Condo
562
8%
2,042
28%
2,082
29%
1,132
15%
1,435
20%
Total Units Sold by Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
500
1,000
1,500
2,000
2,500
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
9
Washington D.C. Metropolitan Area - August 2013
27,555
27,970
26,551
24,338
21,330
20,353
20,347
21,703
22,527
22,256
21,894
20,550
19,236
19,364
18,380
16,842
14,935
14,529
14,725
15,477
17,071
18,667
18,692
18,392
17,374
0
5,000
10,000
15,000
20,000
25,000
30,000
Total Active Inventory
2,844
2,717
1,543
3,082
1,343
2,682
2,340
1,207
1,935
1,371
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Fairfax
County
Montgomery
County
District of
Columbia
Prince
George's
County
Prince
William
County
Total Active Inventory
Of TopFive Counties/CitiesBasedon Total UnitsSold
One Year Ago Current Month
-10%
-11%
-15%
-17%
-23%
-24%
-23%
-22%
-23%
-24%
-25%
-27%
-30%
-31%
-31%
-31%
-30%
-29%
-28%
-29%
-24%
-16%
-15%
-11%
-10%
-45%
-40%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
Total Active Inventory
Percent Change Year/Year
●
●
Highlights
August's total active inventory of
17,374 units was 6% lower than the
previous month's supply of inventory.
Versus last August, the total number
of homes available was lower by 1,862
units or 10%.
®
The Long & Foster Market Conditions Report
10
Washington D.C. Metropolitan Area - August 2013
0
5,000
10,000
15,000
20,000
25,000
30,000
Total Active Inventory by Type
Detached Attached Condo
12,105
70%
3,315
19%
1,954
11%
Total Active Inventory
by Type
Current Month
Detached Attached Condo
1,141
7%
4,583
26%
4,396
25%
2,668
15%
4,586
27%
Total Active Inventory by
Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
5,000
10,000
15,000
20,000
25,000
30,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
11
Washington D.C. Metropolitan Area - August 2013
97.5%
97.5%
97.5%
97.4%
97.1%
97.1%
97.6%
97.6%
98.1%
98.2%
98.2%
98.1%
98.0%
98.0%
98.0%
97.8%
98.0%
97.8%
98.3%
98.2%
99.0%
99.1%
99.3%
98.9%
98.9%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
98.5%
99.0%
99.5%
Average Sale Price as a Percent of List Price
97.9%
97.4%
98.6%
98.2%
98.7%
98.7%
98.7%
99.7%
99.4%
98.9%
96.0%
97.0%
98.0%
99.0%
100.0%
Fairfax
County
Montgomery
County
District of
Columbia
Prince
George's
County
Prince
William
County
Sale Price as % of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago
34 50
Down -32% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago
98.9% 98.0%
Up 0.9% Vs. Year Ago
93%
94%
95%
96%
97%
98%
99%
100%
101%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
58
64 63
65
67
70 70
65
58
49 48 49 50
52 51
48
54
56
53
48
39
34
30
33 34
30
35
40
45
50
55
60
65
70
75
Days on Market
®
The Long & Foster Market Conditions Report
12
Washington D.C. Metropolitan Area - August 2013
$2,427,255
$1,900,169
$1,637,762
$1,719,430
$1,859,161
$1,366,905
$1,468,903
$2,016,643
$2,314,433
$2,908,485
$3,117,097
$2,786,362
$2,717,039
$2,114,964
$2,041,936
$2,388,831
$2,238,930
$1,581,028
$1,663,447
$2,371,553
$2,757,672
$3,555,871
$3,803,463
$3,538,509
$3,166,471
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
Total Dollar Volume Sold
In Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago
$3,166,470,861 $2,717,039,485
Up 17% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago
2.4 2.9
Down -17% Vs. Year Ago
4.5
5.5
5.8
5.2
4.2
5.3
4.8
4.1
3.8
3.2
3.0
3.1
2.9
3.6
3.4
2.9
2.8
3.5
3.4
2.7
2.6
2.4
2.3
2.3
2.4
0
1
2
3
4
5
6
7
Months of Supply
Current Month's Active Inventory/Current Month's Unit Sales
●
● In August, there was 2.4 months of
supply available, compared to 2.9 in
August 2012. That was a decrease of
17% versus a year ago.
Highlights
Total volume sold this August was 17%
greater than the same month one year
ago.
®
The Long & Foster Market Conditions Report
13
Washington D.C. Metropolitan Area - August 2013
7,756
8,232
7,283
5,871
4,511
6,959
7,845
10,752
9,894
9,529
8,778
7,566
7,733
7,929
7,374
5,644
4,192
6,561
7,356
9,407
11,403
11,547
9,799
9,481
8,858
5,208
4,622
5,076
4,481
3,983
4,881
5,646
7,094
7,157
7,015
6,408
5,913
5,791
5,288
5,687
4,793
4,098
5,160
5,698
7,136
8,290
7,998
7,522
7,229
6,924
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago
8,858 7,733
Up 15% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago
6,924 5,791
Up 20% Vs. Year Ago
1.5
1.8
1.4
1.3
1.1
1.4 1.4
1.5
1.4 1.4 1.4
1.3
1.3
1.5
1.3
1.2
1.0
1.3 1.3 1.3
1.4
1.4
1.3 1.3 1.3
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2.0
Supply/Demand Ratio
Number of New Listings to New Contracts
1,472
1,055
647
1,085
637
1,704
1,248
756
1,062
859
0
500
1,000
1,500
2,000
Fairfax
County
Montgomery
County
District of
Columbia
Prince
George's
County
Prince
William
County
New Listings
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
1,125
792
554
771
530
1,285
1,040
696
961
638
0
500
1,000
1,500
2,000
2,500
Fairfax
County
Montgomery
County
District of
Columbia
Prince
George's
County
Prince
William
County
New Contracts
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.3,
similar to the ratio from one year ago.
Highlights
®
The Long & Foster Market Conditions Report
14
Baltimore Metropolitan Area - August 2013
●
● The current median sale price was 5%
lower than in July.
This August, the median sale price was
$253,000, an increase of 5% compared
to last year.
Highlights
$235,000
$227,500
$219,000
$225,000
$219,900
$210,000
$210,000
$217,900
$237,926
$240,000
$250,000
$250,000
$240,000
$236,000
$230,000
$230,000
$235,000
$213,000
$215,000
$229,200
$240,000
$250,000
$260,000
$265,000
$253,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Median Sales Price
$209,000
$314,490
$120,000
$372,000
$235,000
$215,325
$320,000
$136,100
$400,050
$225,000
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Baltimore
County
Anne Arundel
County
Baltimore
City
Howard
County
Harford
County
Median Sale Price
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-5%
-3%
-9%
-2%
-2%
0%
0%
9%
10%
9%
6%
11%
2%
4%
5%
2%
7%
1%
2%
5%
1%
4%
4%
6%
5%
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
Median Sale Price
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
15
Baltimore Metropolitan Area - August 2013
2,183
2,005
1,712
1,769
1,856
1,426
1,561
2,028
2,134
2,516
2,718
2,465
2,551
2,195
2,071
2,237
2,066
1,642
1,565
2,088
2,441
2,926
3,264
3,152
2,906
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Units Sold
705
563
501
336
236
776
690
607
320
271
0
400
800
1,200
Baltimore
County
Anne Arundel
County
Baltimore
City
Howard
County
Harford
County
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
● There was a decrease of 8% in total
units sold in August compared to July.
Highlights
This month's total units sold was
higher than at this time last year, an
increase of 14% versus August 2012.
11%
6%
4%
7%
-1%
-3%
6%
1%
0%
12%
7%
7%
17%
9%
21%
26%
11%
15%
0%
3%
14%
16%
20%
28%
14%
-10%
0%
10%
20%
30%
Total Units Sold
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
16
Baltimore Metropolitan Area - August 2013
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Units Sold by Type
Detached Attached Condo
1,626
56%
1,053
36%
227
8%
Total Units Sold by Type
Current Month
Detached Attached Condo
652
22%
1,125
39%
641
22%
271
9%
217
8%
Total Units Sold by Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
200
400
600
800
1,000
1,200
1,400
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
17
Baltimore Metropolitan Area - August 2013
18,213
17,942
17,320
16,029
14,414
13,814
13,726
14,206
14,830
14,861
14,699
14,230
13,693
13,531
13,167
12,318
11,291
11,100
11,282
11,709
12,695
13,196
13,263
13,023
12,452
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Total Active Inventory
3,227
2,894
3,475
1,169
1,391
2,903
2,676
3,084
1,012
1,275
0
1,000
2,000
3,000
4,000
5,000
6,000
Baltimore
County
Anne
Arundel
County
Baltimore
City
Howard
County
Harford
County
Total Active Inventory
Of TopFive Counties/CitiesBasedon Total UnitsSold
One Year Ago Current Month
-12%
-14%
-15%
-18%
-23%
-23%
-23%
-22%
-21%
-22%
-23%
-24%
-25%
-25%
-24%
-23%
-22%
-20%
-18%
-18%
-14%
-11%
-10%
-8%
-9%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
Total Active Inventory
Percent Change Year/Year
●
● Versus last August, the total number
of homes available was lower by 1,241
units or 9%.
Highlights
August's total active inventory of
12,452 units was 4% lower than the
previous month's supply of inventory.
®
The Long & Foster Market Conditions Report
18
Baltimore Metropolitan Area - August 2013
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Total Active Inventory by Type
Detached Attached Condo
7,564
61%
4,114
33%
774
6%
Total Active Inventory by
Type
Current Month
Detached Attached Condo
3,084
25%
3,885
31%
2,294
18%
1,383
11%
1,806
15%
Total Active Inventory by
Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
19
Baltimore Metropolitan Area - August 2013
95.8%
95.6%
95.6%
95.6%
95.3%
95.5%
95.1%
95.8%
95.5%
96.4%
96.4%
96.8%
96.7%
96.2%
96.8%
96.8%
96.7%
96.5%
96.9%
96.8%
97.1%
97.6%
97.8%
97.6%
97.4%
93.5%
94.0%
94.5%
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
98.5%
Average Sale Price as a Percent of List Price
96.4%
96.6%
96.0%
97.9%
96.8%
97.2%
97.3%
96.8%
98.8%
97.2%
93.0%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
100.0%
Baltimore
County
Anne
Arundel
County
Baltimore
City
Howard
County
Harford
County
Sale Price as % of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago
58 78
Down -26% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago
97.4% 96.7%
Up 0.8% Vs. Year Ago
86%
88%
90%
92%
94%
96%
98%
100%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
88
97
94 94
100100 99
105
98
85
78 77 78 77 78 79
81 81
87
82
75
60
58 57 58
55
65
75
85
95
105
115
Days on Market
®
The Long & Foster Market Conditions Report
20
Baltimore Metropolitan Area - August 2013
$606,441
$547,438
$437,511
$464,704
$494,423
$365,176
$380,189
$512,851
$610,833
$702,631
$822,470
$729,549
$724,948
$624,351
$554,957
$610,219
$579,587
$409,096
$391,588
$556,709
$692,507
$871,868
$986,288
$982,135
$855,641
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
Total Dollar Volume Sold
In Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago
$855,640,702 $724,947,577
Up 18% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago
4.3 5.4
Down -20% Vs. Year Ago
8.3
9.0
10.1
9.1
7.8
9.7
8.8
7.0
7.0
5.9
5.4
5.8
5.4
6.2
6.4
5.5
5.5
6.8
7.2
5.6
5.2
4.5
4.1
4.1
4.3
0
2
4
6
8
10
12
Months of Supply
Current Month's Active Inventory/Current Month's Unit Sales
●
●
Highlights
Total volume sold this August was 18%
greater than the same month one year
ago.
In August, there was 4.3 months of
supply available, compared to 5.4 in
August 2012. That was a decrease of
20% versus a year ago.
®
The Long & Foster Market Conditions Report
21
Baltimore Metropolitan Area - August 2013
3,499
3,351
3,355
2,562
1,889
2,950
3,361
4,425
4,323
4,129
3,892
3,594
3,610
3,335
3,289
2,627
1,905
3,136
3,289
4,291
5,123
4,958
4,423
4,348
4,200
2,006
1,723
1,895
1,754
1,434
1,777
2,090
2,652
2,551
2,614
2,458
2,422
2,378
2,042
2,203
1,872
1,542
2,001
2,127
2,853
3,226
3,301
2,993
2,983
2,954
0
1,000
2,000
3,000
4,000
5,000
6,000
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago
4,200 3,610
Up 16% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago
2,954 2,378
Up 24% Vs. Year Ago
1.7
1.9
1.8
1.5
1.3
1.7 1.6 1.7 1.7
1.6 1.6
1.5 1.5
1.6
1.5
1.4
1.2
1.6 1.5 1.5
1.6
1.5 1.5 1.5 1.4
0.0
0.5
1.0
1.5
2.0
2.5
Supply/Demand Ratio
Number of New Listings to New Contracts
918
750
852
428
359
1,071
902
922
471
421
0
200
400
600
800
1,000
1,200
Baltimore
County
Anne
Arundel
County
Baltimore
City
Howard
County
Harford
County
New Listings
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
665
528
479
302
223
786
663
615
338
295
0
200
400
600
800
1,000
1,200
Baltimore
County
Anne
Arundel
County
Baltimore
City
Howard
County
Harford
County
New Contracts
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.4,
a decrease of 6% from August 2012.
Highlights
®
The Long & Foster Market Conditions Report
22
Richmond Metropolitan Area - August 2013
●
● The current median sale price was
12% higher than the same month last
year.
This August, the current median sale
price of $206,500 was similar to the
median sale price of last month.
Highlights
$193,950
$177,900
$169,900
$174,700
$175,000
$155,000
$162,500
$170,000
$185,000
$180,000
$200,000
$198,625
$185,000
$180,000
$177,457
$185,000
$185,000
$170,000
$175,500
$185,000
$186,500
$195,500
$210,000
$207,000
$206,500
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Median Sales Price
$202,318
$188,285
$165,000
$201,918
$133,900
$210,000
$225,950
$196,000
$249,950
$150,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Chesterfield
County
Henrico
County
Richmond
City
Hanover
County
Caroline
County
Median Sale Price
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-4%
-5%
-8%
-5%
-8%
-10%
2%
-5%
3%
4%
6%
5%
-5%
1%
4%
6%
6%
10%
8%
9%
1%
9%
5%
4%
12%
-16%
-14%
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
Median Sale Price
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
23
Richmond Metropolitan Area - August 2013
1,192
999
879
932
1,065
768
862
1,039
1,173
1,424
1,501
1,340
1,352
1,047
1,094
1,118
1,089
834
896
1,086
1,313
1,585
1,630
1,597
1,459
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Total Units Sold
430
390
198
106
33
437
394
234
122
43
0
100
200
300
400
500
600
Chesterfield
County
Henrico
County
Richmond
City
Hanover
County
Caroline
County
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
● There was a decrease of 9% in total
units sold in August compared to July.
This month's total units sold was
higher than at this time last year, an
increase of 8% versus August 2012.
Highlights 22%
15%
-1%
14%
19%
9%
13%
4%
20%
17%
13%
19%
13%
5%
24%
20%
2%
9%
4%
5%
12%
11%
9%
19%
8%
-10%
0%
10%
20%
30%
Total Units Sold
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
24
Richmond Metropolitan Area - August 2013
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Total Units Sold by Type
Detached Attached Condo
1,246
85%
138
10%
75
5%
Total Units Sold by Type
Current Month
Detached Attached Condo
416
28%
663
45%
241
17%
84
6%
55
4%
Total Units Sold by Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
100
200
300
400
500
600
700
800
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
25
Richmond Metropolitan Area - August 2013
9,281
8,843
8,558
8,153
7,471
7,475
7,543
7,675
7,942
8,004
7,948
7,809
7,640
7,663
7,408
7,233
6,806
6,646
6,794
6,911
7,275
7,484
7,432
7,422
7,220
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Total Active Inventory
1,963
1,585
1,130
646
182
1,900
1,399
1,033
604
183
0
500
1,000
1,500
2,000
2,500
Chesterfield
County
Henrico
County
Richmond
City
Hanover
County
Caroline
County
Total Active Inventory
Of TopFive Counties/CitiesBasedon Total UnitsSold
One Year Ago Current Month
-18%
-21%
-20%
-21%
-22%
-21%
-20%
-21%
-20%
-19%
-19%
-18%
-18%
-13%
-13%
-11%
-9%
-11%
-10%
-10%
-8%
-6%
-6%
-5%
-5%
-30%
-25%
-20%
-15%
-10%
-5%
0%
Total Active Inventory
Percent Change Year/Year
●
● Versus last August, the total number
of homes available was lower by 420
units or 5%.
August's total active inventory of
7,220 units was 3% lower than the
previous month's supply of inventory.
Highlights
®
The Long & Foster Market Conditions Report
26
Richmond Metropolitan Area - August 2013
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Total Active Inventory by Type
Detached Attached Condo
6,245
87%
676
9%
299
4%
Total Active Inventory
by Type
Current Month
Detached Attached Condo
2,043
28%
3,320
46%
1,033
14%
410
6%
414
6%
Total Active Inventory by
Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
27
Richmond Metropolitan Area - August 2013
96.3%
96.6%
96.4%
96.6%
96.7%
95.7%
95.5%
96.8%
96.9%
97.4%
97.5%
96.9%
97.4%
97.5%
97.3%
97.2%
97.7%
97.2%
97.4%
97.8%
98.0%
97.8%
98.2%
98.0%
98.0%
94.0%
94.5%
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
98.5%
Average Sale Price as a Percent of List Price
97.2%
98.4%
96.3%
98.1%
97.2%
98.7%
98.4%
97.0%
98.4%
97.5%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
100.0%
Chesterfield
County
Henrico
County
Richmond
City
Hanover
County
Caroline
County
Sale Price as % of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago
59 65
Down -9% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago
98.0% 97.4%
Up 0.7% Vs. Year Ago
84%
86%
88%
90%
92%
94%
96%
98%
100%
102%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
80 80
83
85
79
84
81
76
73
71
63
65 65
71
73
72
73
75
76
68
62
58
53
57
59
50
55
60
65
70
75
80
85
90
Days on Market
®
The Long & Foster Market Conditions Report
28
Richmond Metropolitan Area - August 2013
$266,120
$214,834
$174,274
$195,678
$224,532
$141,904
$167,847
$207,087
$246,390
$306,881
$358,403
$321,401
$299,414
$225,108
$241,661
$249,257
$244,327
$176,827
$191,735
$230,198
$291,618
$368,664
$398,977
$392,263
$356,531
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Total Dollar Volume Sold
In Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago
$356,530,817 $299,414,297
Up 19% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago
5.0 5.7
Down -12% Vs. Year Ago
7.8
8.9
9.7
8.8
7.0
9.7
8.8
7.4
6.8
5.6
5.3
5.8
5.7
7.3
6.8
6.5
6.3
8.0
7.6
6.4
5.5
4.7
4.6
4.7
5.0
0
2
4
6
8
10
12
Months of Supply
Current Month's Active Inventory/Current Month's Unit Sales
●
●
Total volume sold this August was 19%
greater than the same month one year
ago.
In August, there was 5.0 months of
supply available, compared to 5.7 in
August 2012. That was a decrease of
12% versus a year ago.
Highlights
®
The Long & Foster Market Conditions Report
29
Richmond Metropolitan Area - August 2013
2,122
1,789
1,909
1,548
1,270
2,217
2,003
2,422
2,313
2,316
2,096
2,066
2,020
1,846
1,807
1,532
1,239
2,017
2,009
2,304
2,684
2,576
2,161
2,331
2,176
1,056
938
1,033
925
822
1,001
1,140
1,489
1,436
1,419
1,336
1,138
1,242
1,061
1,112
923
824
1,087
1,240
1,485
1,680
1,736
1,506
1,421
1,459
0
500
1,000
1,500
2,000
2,500
3,000
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago
2,176 2,020
Up 8% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago
1,459 1,242
Up 17% Vs. Year Ago
2.0
1.9 1.8
1.7
1.5
2.2
1.8
1.6 1.6 1.6
1.6
1.8
1.6
1.7
1.6 1.7
1.5
1.9
1.6
1.6 1.6
1.5 1.4
1.6
1.5
0.0
0.5
1.0
1.5
2.0
2.5
Supply/Demand Ratio
Number of New Listings to New Contracts
552
520
295
159
45
643
519
347
185
50
0
200
400
600
800
Chesterfield
County
Henrico
County
Richmond
City
Hanover
County
Caroline
County
New Listings
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
386
352
169
93
40
434
425
206
125
38
0
200
400
600
800
Chesterfield
County
Henrico
County
Richmond
City
Hanover
County
Caroline
County
New Contracts
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.5,
a decrease of 8% from August 2012.
Highlights
®
The Long & Foster Market Conditions Report
30
Philadelphia Metropolitan Area - August 2013
●
● The current median sale price was 2%
lower than in July.
This August, the median sale price was
$232,000, an increase of 4% compared
to last year.
Highlights
$220,000
$208,000
$200,000
$199,900
$195,000
$197,000
$183,750
$193,000
$203,000
$217,000
$230,000
$227,215
$223,000
$210,000
$203,000
$210,000
$207,000
$190,000
$185,000
$206,500
$206,000
$220,000
$238,500
$237,500
$232,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Median Sales Price
$149,000
$255,000
$280,000
$315,000
$210,413
$150,000
$274,000
$290,000
$317,450
$229,950
$0
$100,000
$200,000
$300,000
$400,000
$500,000
Philadelphia
County
Montgomery
County
Bucks
County
Chester
County
Delaware
County
MedianSalePrice
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-4%
-6%
-5%
-5%
-8%
-2%
-5%
-2%
4%
3%
0%
3%
1%
1%
2%
5%
6%
-4%
1%
7%
1%
1%
4%
5%
4%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
Median Sale Price
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
31
Philadelphia Metropolitan Area - August 2013
4,012
3,309
2,983
3,026
3,188
2,498
2,441
3,365
3,590
4,246
4,857
4,294
4,703
3,704
3,489
4,033
3,569
2,882
2,750
3,628
4,325
5,140
5,741
5,546
5,146
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Total Units Sold
1,041
857
622
557
522
1,092
926
705
624
558
0
500
1,000
1,500
Philadelphia
County
Montgomery
County
Bucks
County
Chester
County
Delaware
County
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
● There was a decrease of 7% in total
units sold in August compared to July.
This month's total units sold was
higher than at this time last year, an
increase of 9% versus August 2012.
Highlights
21%
8%
6%
11%
6%
9%
12%
13%
12%
19%
14%
14%
17%
12%
17%
33%
12%
15%
13%
8%
20%
21%
18%
29%
9%
0%
10%
20%
30%
40%
Total Units Sold
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
32
Philadelphia Metropolitan Area - August 2013
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Total Units Sold by Type
Detached Attached Condo
2,956
57%
1,887
37%
303
6%
Total Units Sold by Type
Current Month
Detached Attached Condo
1,312
26%
2,097
41%
1,042
20%
377
7%
318
6%
Total Units Sold by Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
500
1,000
1,500
2,000
2,500
3,000
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
33
Philadelphia Metropolitan Area - August 2013
39,601
38,902
37,704
35,913
31,944
32,511
33,367
34,631
35,776
36,274
35,689
35,098
34,360
34,127
33,005
31,373
27,580
28,050
28,600
29,173
30,511
31,178
30,756
30,442
29,876
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Total Active Inventory
8,443
4,627
3,841
3,427
3,662
7,171
4,312
3,266
2,820
3,187
0
2,000
4,000
6,000
8,000
10,000
Philadelphia
County
Montgomery
County
Bucks
County
Chester
County
Delaware
County
Total Active Inventory
Of TopFive Counties/CitiesBasedon Total UnitsSold
One Year Ago Current Month
-3%
-5%
-6%
-7%
-8%
-7%
-6%
-7%
-9%
-11%
-13%
-14%
-13%
-12%
-12%
-13%
-14%
-14%
-14%
-16%
-15%
-14%
-14%
-13%
-13%
-25%
-20%
-15%
-10%
-5%
0%
Total Active Inventory
Percent Change Year/Year
●
● Versus last August, the total number
of homes available was lower by 4,484
units or 13%.
August's total active inventory of
29,876 units was 2% lower than the
previous month's supply of inventory.
Highlights
®
The Long & Foster Market Conditions Report
34
Philadelphia Metropolitan Area - August 2013
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Total Active Inventory by Type
Detached Attached Condo
16,395
55%
11,702
39%
1,779
6%
Total Active Inventory
by Type
Current Month
Detached Attached Condo
9,946
33%
11,268
38%
4,053
14%
1,823
6%
2,786
9%
Total Active Inventory by
Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
35
Philadelphia Metropolitan Area - August 2013
94.7%
94.7%
94.3%
94.3%
94.7%
93.7%
94.1%
95.1%
95.3%
95.6%
95.7%
95.7%
95.2%
95.5%
95.4%
95.4%
95.3%
95.4%
95.1%
96.0%
96.1%
96.4%
96.5%
96.8%
96.6%
92.0%
92.5%
93.0%
93.5%
94.0%
94.5%
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
Average Sale Price as a Percent of List Price
95.0%
95.3%
94.7%
95.5%
95.2%
95.9%
96.9%
96.6%
97.2%
96.7%
92.0%
94.0%
96.0%
98.0%
100.0%
Philadelphia
County
Montgomery
County
Bucks
County
Chester
County
Delaware
County
Sale Price as % of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago
74 91
Down -19% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago
96.6% 95.2%
Up 1.5% Vs. Year Ago
84%
86%
88%
90%
92%
94%
96%
98%
100%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
94
98
104
107
105
108
114
112
107
97
87
90 91 92
94 94 94
102101101
92
81
72
70
74
60
70
80
90
100
110
120
Days on Market
®
The Long & Foster Market Conditions Report
36
Philadelphia Metropolitan Area - August 2013
$1,083,445
$808,601
$717,149
$729,329
$758,149
$603,589
$544,945
$785,807
$885,309
$1,094,579
$1,332,382
$1,164,562
$1,271,963
$943,120
$860,486
$1,001,923
$906,208
$675,359
$620,469
$892,600
$1,075,880
$1,378,612
$1,668,439
$1,566,641
$1,415,824
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
Total Dollar Volume Sold
In Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago
$1,415,823,753 $1,271,963,118
Up 11% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago
5.8 7.3
Down -21% Vs. Year Ago
9.9
11.8
12.6
11.9
10.0
13.0
13.7
10.3
10.0
8.5
7.4
8.2
7.3
9.2
9.5
7.8
7.7
9.7
10.4
8.0
7.1
6.1
5.4
5.5
5.8
0
2
4
6
8
10
12
14
16
Months of Supply
Current Month's Active Inventory/Current Month's Unit Sales
●
●
Total volume sold this August was 11%
greater than the same month one year
ago.
In August, there was 5.8 months of
supply available, compared to 7.3 in
August 2012. That was a decrease of
21% versus a year ago.
Highlights
®
The Long & Foster Market Conditions Report
37
Philadelphia Metropolitan Area - August 2013
6,463
6,697
6,363
5,081
3,704
6,895
7,467
9,116
8,506
8,081
7,391
6,919
6,853
6,745
6,391
4,750
3,452
7,170
6,993
8,676
9,834
9,142
7,771
7,676
6,918
3,353
2,953
3,225
2,893
2,451
3,039
3,806
4,588
4,424
4,446
4,183
4,056
4,033
3,532
4,019
3,052
2,785
3,710
4,024
5,299
5,820
5,509
4,864
4,658
3,750
0
2,000
4,000
6,000
8,000
10,000
12,000
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago
6,918 6,853
Up 1% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago
3,750 4,033
Down -7% Vs. Year
Ago
1.9
2.3
2.0
1.8
1.5
2.3
2.0 2.0
1.9
1.8 1.8 1.7 1.7
1.9
1.6 1.6
1.2
1.9
1.7
1.6 1.7 1.7
1.6 1.6
1.8
0.0
0.5
1.0
1.5
2.0
2.5
Supply/Demand Ratio
Number of New Listings to New Contracts
1,898
962
785
677
724
1,738
1,091
817
701
652
0
500
1,000
1,500
2,000
Philadelphia
County
Montgomery
County
Bucks
County
Chester
County
Delaware
County
New Listings
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
922
702
517
500
408
907
612
477
422
401
0
500
1,000
1,500
Philadelphia
County
Montgomery
County
Bucks
County
Chester
County
Delaware
County
New Contracts
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.8,
an increase of 9% from August 2012.
Highlights
®
The Long & Foster Market Conditions Report
38
The Triangle, NC Area - August 2013
●
● The current median sale price was 2%
higher than in July.
This August, the median sale price was
$213,000, an increase of 7% compared
to last year.
Highlights
$192,100
$189,000
$189,700
$193,325
$194,500
$179,900
$182,000
$193,000
$196,000
$200,000
$205,000
$197,000
$199,000
$192,000
$192,500
$204,000
$197,000
$185,500
$187,000
$199,900
$198,000
$208,000
$208,000
$209,000
$213,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Median Sales Price
$217,500
$175,000
$153,950
$285,000
$255,000
$237,913
$174,750
$164,500
$291,000
$258,500
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Wake
County
Durham
County
Johnston
County
Orange
County
Chatham
County
MedianSale Price
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-4%
-4%
-5%
-5%
2%
-5%
-1%
3%
3%
3%
3%
0%
4%
2%
1%
6%
1%
3%
3%
4%
1%
4%
1%
6%
7%
-6%
-4%
-2%
0%
2%
4%
6%
8%
Median Sale Price
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
39
The Triangle, NC Area - August 2013
1,806
1,568
1,398
1,330
1,431
1,067
1,380
1,682
1,805
2,204
2,477
2,160
2,271
1,880
1,860
1,699
1,842
1,428
1,553
2,152
2,489
2,963
2,905
2,953
2,708
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Units Sold
1,355
317
190
121
67
1,608
388
221
183
80
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Wake
County
Durham
County
Johnston
County
Orange
County
Chatham
County
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
● There was a decrease of 8% in total
units sold in August compared to July.
This month's total units sold was
higher than at this time last year, an
increase of 19% versus August 2012.
Highlights 23%
13%
14%
7%
1%
4%
27%
12%
6%
27%
22%
26%
26%
20%
33%
28%
29%
34%
13%
28%
38%
34%
17%
37%
19%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
Total Units Sold
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
40
The Triangle, NC Area - August 2013
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Units Sold by Type
Detached Attached Condo
2,201
81%
367
14%
140
5%
Total Units Sold by Type
Current Month
Detached Attached Condo
723
27%
1,238
46%
500
18%
144
5%
103
4%
Total Units Sold by Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
200
400
600
800
1,000
1,200
1,400
1,600
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
41
The Triangle, NC Area - August 2013
18,263
17,482
16,815
16,198
14,208
14,293
14,516
15,058
15,306
15,337
15,104
14,850
14,696
14,247
13,873
13,261
11,243
11,081
11,081
10,937
10,716
10,626
10,555
10,249
9,941
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Total Active Inventory
7,438
2,040
1,503
980
746
4,649
1,290
1,151
668
555
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Wake
County
Durham
County
Johnston
County
Orange
County
Chatham
County
Total Active Inventory
Of TopFive Counties/CitiesBasedon Total UnitsSold
One Year Ago Current Month
-13%
-16%
-17%
-18%
-19%
-20%
-22%
-24%
-24%
-22%
-22%
-21%
-20%
-19%
-17%
-18%
-21%
-22%
-24%
-27%
-30%
-31%
-30%
-31%
-32%
-40%
-35%
-30%
-25%
-20%
-15%
-10%
-5%
0%
Total Active Inventory
Percent Change Year/Year
●
● Versus last August, the total number
of homes available was lower by 4,755
units or 32%.
August's total active inventory of
9,941 units was 3% lower than the
previous month's supply of inventory.
Highlights
®
The Long & Foster Market Conditions Report
42
The Triangle, NC Area - August 2013
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Total Active Inventory by Type
Detached Attached Condo
8,521
86%
979
10%
441
4%
Total Active Inventory
by Type
Current Month
Detached Attached Condo
2,627
26%
4,041
41%
1,661
17%
749
7%
863
9%
Total Active Inventory by
Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
43
The Triangle, NC Area - August 2013
96.1%
95.9%
96.3%
96.2%
96.2%
96.3%
96.1%
96.7%
96.9%
97.0%
97.0%
97.2%
97.0%
96.8%
97.3%
97.2%
97.1%
96.8%
97.3%
97.6%
97.6%
97.9%
97.8%
97.8%
97.9%
94.5%
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
98.5%
Average Sale Price as a Percent of List Price
97.0%
97.2%
97.5%
96.6%
96.8%
98.3%
97.6%
97.8%
97.3%
96.6%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
100.0%
Wake
County
Durham
County
Johnston
County
Orange
County
Chatham
County
Sale Price as % of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago
93 116
Down -20% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago
97.9% 97.0%
Up 1.0% Vs. Year Ago
90%
91%
92%
93%
94%
95%
96%
97%
98%
99%
100%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
127
133
126
134
126
132
138
136
125
115
119120
116117
121
117116
119
121
112
109
100
94 94 93
80
90
100
110
120
130
140
150
Days on Market
®
The Long & Foster Market Conditions Report
44
The Triangle, NC Area - August 2013
$426,964
$359,964
$312,073
$302,972
$331,096
$232,419
$295,248
$383,806
$417,622
$524,186
$615,271
$513,109
$548,227
$424,250
$428,300
$405,775
$437,300
$320,902
$338,021
$510,778
$595,059
$735,991
$732,397
$733,763
$677,014
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
Total Dollar Volume Sold
In Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago
$677,013,658 $548,226,703
Up 23% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago
3.7 6.5
Down -43% Vs. Year Ago
10.1
11.2
12.0
12.2
9.9
13.4
10.5
9.0
8.5
7.0
6.1
6.9
6.5
7.6
7.5
7.8
6.1
7.8
7.1
5.1
4.3
3.6
3.6
3.5
3.7
0
2
4
6
8
10
12
14
16
Months of Supply
Current Month's Active Inventory/Current Month's Unit Sales
●
●
Total volume sold this August was 23%
greater than the same month one year
ago.
In August, there was 3.7 months of
supply available, compared to 6.5 in
August 2012. That was a decrease of
43% versus a year ago.
Highlights
®
The Long & Foster Market Conditions Report
45
The Triangle, NC Area - August 2013
2,711
2,539
2,417
2,082
1,621
2,883
2,981
3,946
3,482
3,348
3,143
2,951
3,005
2,654
2,767
2,053
1,650
2,904
3,299
3,996
4,147
3,904
3,581
3,230
3,398
1,614
1,386
1,395
1,263
1,181
1,613
1,773
2,234
2,207
2,426
2,161
2,072
1,963
1,702
1,867
1,522
1,423
1,960
2,250
2,829
3,064
3,039
2,769
2,501
2,576
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago
3,398 3,005
Up 13% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago
2,576 1,963
Up 31% Vs. Year Ago
1.7
1.8
1.7
1.6
1.4
1.8
1.7
1.8
1.6
1.4
1.5 1.4
1.5 1.6
1.5
1.3
1.2
1.5 1.5
1.4
1.4
1.3 1.3 1.3 1.3
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2.0
Supply/Demand Ratio
Number of New Listings to New Contracts
1,694
422
310
145
97
1,891
452
352
173
113
0
500
1,000
1,500
2,000
Wake
County
Durham
County
Johnston
County
Orange
County
Chatham
County
New Listings
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
1,155
278
176
105
50
1,514
361
259
127
77
0
500
1,000
1,500
2,000
2,500
Wake
County
Durham
County
Johnston
County
Orange
County
Chatham
County
New Contracts
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.3,
a decrease of 14% from August 2012.
Highlights
®
The Long & Foster Market Conditions Report
46
Hampton Roads Area - August 2013
●
● The current median sale price was 4%
lower than in July.
This August, the median sale price was
$215,900, an increase of 2% compared
to last year.
Highlights
$208,000
$197,495
$188,000
$191,700
$197,500
$171,600
$185,000
$194,900
$197,750
$205,000
$211,000
$210,000
$211,000
$205,250
$200,000
$205,000
$200,000
$192,765
$192,000
$199,900
$199,900
$209,450
$225,000
$225,000
$215,900
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Median Sales Price
$239,900
$235,000
$154,750
$153,250
$225,140
$240,000
$242,000
$160,000
$139,000
$237,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Virginia
Beach City
Chesapeake
City
Norfolk City Hampton
City
Suffolk City
Median Sale Price
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-6%
-9%
-8%
-11%
-6%
-8%
-5%
5%
-1%
8%
5%
6%
1%
4%
6%
7%
1%
12%
4%
3%
1%
2%
7%
7%
2%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
Median Sale Price
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
47
Hampton Roads Area - August 2013
1,595
1,473
1,379
1,282
1,467
1,093
1,284
1,556
1,600
1,751
1,965
1,833
1,915
1,474
1,486
1,493
1,449
1,255
1,358
1,622
1,794
2,058
2,059
2,108
2,016
0
500
1,000
1,500
2,000
2,500
Total Units Sold
555
341
216
146
109
603
339
268
142
129
0
100
200
300
400
500
600
700
Virginia
Beach City
Chesapeake
City
Norfolk City Hampton
City
Suffolk City
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
● There was a decrease of 4% in total
units sold in August compared to July.
This month's total units sold was
higher than at this time last year, an
increase of 5% versus August 2012.
Highlights 15%
20%
17%
10%
15%
10%
19%
-1%
3%
0%
7%
16%
20%
0%
8%
16%
-1%
15%
6%
4%
12%
18%
5%
15%
5%
-10%
0%
10%
20%
30%
Total Units Sold
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
48
Hampton Roads Area - August 2013
0
500
1,000
1,500
2,000
2,500
Total Units Sold by Type
Detached Attached
1,581
78%
435
22%
Total Units Sold by Type
Current Month
Detached Attached
546
27%
953
47%
357
18%
96
5%
64
3%
Total Units Sold by Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
200
400
600
800
1,000
1,200
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
49
Hampton Roads Area - August 2013
13,474
13,003
12,532
12,205
11,308
11,413
11,509
11,696
11,819
11,805
11,703
11,547
11,364
11,215
11,032
10,683
9,870
10,174
10,467
10,648
10,936
11,121
11,092
11,227
11,083
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Total Active Inventory
2,527
1,629
1,399
875
822
2,535
1,490
1,478
851
831
0
500
1,000
1,500
2,000
2,500
3,000
Virginia
Beach City
Chesapeake
City
Norfolk City Hampton
City
Suffolk City
Total Active Inventory
Of TopFive Counties/CitiesBasedon Total UnitsSold
One Year Ago Current Month
-14%
-16%
-17%
-17%
-18%
-18%
-19%
-18%
-18%
-18%
-17%
-18%
-16%
-14%
-12%
-12%
-13%
-11%
-9%
-9%
-7%
-6%
-5%
-3%
-2%
-25%
-20%
-15%
-10%
-5%
0%
Total Active Inventory
Percent Change Year/Year
●
● Versus August 2012, the total number
of homes available was lower by 281
units or 2%.
This month's supply of available
inventory remained relatively stable
compared to last month.
Highlights
®
The Long & Foster Market Conditions Report
50
Hampton Roads Area - August 2013
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Total Active Inventory by Type
Detached Attached
8,737
79%
2,346
21%
Total Active Inventory
by Type
Current Month
Detached Attached
2,888
26%
4,739
43%
1,893
17%
749
7%
814
7%
Total Active Inventory by
Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
51
Hampton Roads Area - August 2013
96.3%
96.2%
96.8%
96.3%
96.5%
96.2%
96.1%
96.3%
96.6%
96.7%
96.9%
97.3%
96.7%
96.9%
96.8%
97.1%
97.1%
96.7%
96.7%
96.7%
97.5%
97.9%
97.4%
97.6%
97.4%
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
Average Sale Price as a Percent of List Price
96.7%
97.8%
96.7%
96.6%
97.1%
96.9%
98.5%
97.8%
96.5%
98.5%
94.0%
95.0%
96.0%
97.0%
98.0%
99.0%
100.0%
Virginia
Beach City
Chesapeake
City
Norfolk City Hampton
City
Suffolk City
Sale Price as % of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago
84 91
Down -8% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago
97.4% 96.7%
Up 0.7% Vs. Year Ago
84%
86%
88%
90%
92%
94%
96%
98%
100%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
95
98
105
104
106
110
107
108
104
96
91
89
91
95
96 96
94
97
101
96
90
94
82
83
84
80
85
90
95
100
105
110
115
Days on Market
®
The Long & Foster Market Conditions Report
52
Hampton Roads Area - August 2013
$366,368
$326,010
$297,534
$284,571
$331,083
$214,720
$271,427
$341,028
$357,581
$414,678
$464,160
$423,371
$448,229
$340,493
$331,402
$346,175
$324,608
$269,970
$300,382
$378,805
$403,218
$488,941
$518,295
$532,770
$493,848
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Total Dollar Volume Sold
In Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago
$493,847,638 $448,229,461
Up 10% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago
5.5 5.9
Down -7% Vs. Year Ago
8.5
8.8
9.1
9.5
7.7
10.4
9.0
7.5
7.4
6.7
6.0
6.3
5.9
7.6
7.4
7.2
6.8
8.1
7.7
6.6
6.1
5.4
5.4
5.3
5.5
0
2
4
6
8
10
12
Months of Supply
Current Month's Active Inventory/Current Month's Unit Sales
●
●
Total volume sold this August was 10%
greater than the same month one year
ago.
In August, there was 5.5 months of
supply available, compared to 5.9 in
August 2012. That was a decrease of
7% versus a year ago.
Highlights
®
The Long & Foster Market Conditions Report
53
Hampton Roads Area - August 2013
2,554
2,466
2,315
2,185
1,696
2,689
2,577
3,099
2,934
2,882
2,787
2,542
2,686
2,304
2,433
2,043
1,586
2,865
2,680
2,938
3,215
3,292
2,825
3,151
3,005
1,596
1,426
1,363
1,320
1,210
1,397
1,484
1,806
1,810
1,839
1,786
1,706
1,808
1,367
1,558
1,375
1,223
1,471
1,577
1,903
2,055
2,202
1,800
1,953
1,962
0
500
1,000
1,500
2,000
2,500
3,000
3,500
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago
3,005 2,686
Up 12% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago
1,962 1,808
Up 9% Vs. Year Ago
1.6
1.7 1.7 1.7
1.4
1.9
1.7 1.7
1.6 1.6 1.6
1.5 1.5
1.7
1.6
1.5
1.3
1.9
1.7
1.5 1.6
1.5
1.6 1.6
1.5
0.0
0.5
1.0
1.5
2.0
2.5
Supply/Demand Ratio
Number of New Listings to New Contracts
712
458
335
189
204
817
497
437
228
186
0
200
400
600
800
1,000
Virginia
Beach City
Chesapeake
City
Norfolk City Hampton
City
Suffolk City
New Listings
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
537
316
221
138
104
573
328
226
129
134
0
100
200
300
400
500
600
700
Virginia
Beach City
Chesapeake
City
Norfolk City Hampton
City
Suffolk City
New Contracts
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.5,
similar to the ratio from one year ago.
Highlights
®
The Long & Foster Market Conditions Report
54
Roanoke Metropolitan Area - August 2013
●
● The current median sale price was 3%
lower than in July.
This August, the median sale price was
$169,375, an increase of 10% compared
to last year.
Highlights
$170,000
$137,000
$151,000
$154,414
$169,250
$125,000
$130,000
$139,575
$161,500
$156,000
$176,800
$161,250
$153,725
$150,000
$148,500
$155,000
$146,200
$140,000
$149,925
$155,000
$162,750
$165,000
$169,725
$174,250
$169,375
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
Median Sales Price
$175,000
$103,000
$195,600
$187,475
$148,050
$182,000
$103,750
$230,000
$217,500
$144,075
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
Median Sale Price
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-6%
-18%
-6%
-14%
0%
-10%
-8%
3%
10%
1%
19%
4%
-10%
9%
-2%
0%
-14%
12%
15%
11%
1%
6%
-4%
8%
10%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
Median Sale Price
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
55
Roanoke Metropolitan Area - August 2013
247
214
236
211
210
156
201
222
229
278
294
244
314
234
286
245
201
193
218
233
306
364
354
344
341
0
50
100
150
200
250
300
350
400
Total Units Sold
115
90
51
32
23
115
102
59
35
28
0
20
40
60
80
100
120
140
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
●
● This month's total units sold was
higher than at this time last year, an
increase of 9% versus August 2013.
The number of units sold remained
relatively stable in August, with 341
sold this month.
Highlights 21%
5%
24%
15%
9%
9%
19%
12%
-2%
4%
-1%
-8%
27%
9%
21%
16%
-4%
24%
8%
5%
34%
31%
20%
41%
9%
-20%
-10%
0%
10%
20%
30%
40%
50%
Total Units Sold
Percent Change Year/Year
®
The Long & Foster Market Conditions Report
56
Roanoke Metropolitan Area - August 2013
0
50
100
150
200
250
300
350
400
Total Units Sold by Type
Detached Condo
296
87%
45
13%
Total Units Sold by Type
Current Month
Detached Condo
140
41%
134
39%
33
10%
17
5%
17
5%
Total Units Sold by Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
20
40
60
80
100
120
140
160
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
57
Roanoke Metropolitan Area - August 2013
3,285
3,150
3,011
2,804
2,515
2,551
2,636
2,776
2,909
2,948
2,962
2,938
2,907
2,816
2,715
2,573
2,333
2,330
2,371
2,476
2,601
2,755
2,790
2,730
2,671
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Active Inventory
799
833
761
304
178
680
754
741
297
165
0
200
400
600
800
1,000
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
Total Active Inventory
Of TopFive Counties/CitiesBasedon Total UnitsSold
One Year Ago Current Month
-13%
-14%
-13%
-14%
-15%
-12%
-10%
-12%
-10%
-11%
-12%
-13%
-12%
-11%
-10%
-8%
-7%
-9%
-10%
-11%
-11%
-7%
-6%
-7%
-8%
-17%
-15%
-13%
-11%
-9%
-7%
-5%
-3%
-1%
1%
Total Active Inventory
Percent Change Year/Year
●
● Versus last August, the total number
of homes available was lower by 236
units or 8%.
August's total active inventory of
2,671 units was 2% lower than the
previous month's supply of inventory.
Highlights
®
The Long & Foster Market Conditions Report
58
Roanoke Metropolitan Area - August 2013
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Active Inventory by Type
Detached Condo
2,374
89%
297
11%
Total Active Inventory
by Type
Current Month
Detached Condo
951
36%
1,000
37%
333
13%
167
6%
220
8%
Total Active Inventory by
Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
59
Roanoke Metropolitan Area - August 2013
94.4%
94.6%
93.4%
94.1%
94.2%
92.9%
94.2%
94.2%
94.8%
94.7%
95.1%
95.6%
94.8%
94.5%
94.6%
94.6%
94.3%
94.3%
94.1%
95.3%
96.0%
95.7%
95.7%
96.4%
95.1%
91.0%
92.0%
93.0%
94.0%
95.0%
96.0%
97.0%
Average Sale Price as a Percent of List Price
95.8%
94.4%
93.4%
95.8%
94.1%
96.4%
93.1%
94.4%
96.8%
95.3%
88.0%
90.0%
92.0%
94.0%
96.0%
98.0%
100.0%
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
Sale Price as % of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago
96 111
Down -14% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago
95.1% 94.8%
Up 0.2% Vs. Year Ago
75%
80%
85%
90%
95%
100%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
108
105
116
121
128
114
100
120
117
123
114
108
111
108
118117
99
114
126126
107109
99
103
96
50
60
70
80
90
100
110
120
130
140
Days on Market
®
The Long & Foster Market Conditions Report
60
Roanoke Metropolitan Area - August 2013
$48,790
$34,919
$43,241
$40,418
$41,042
$23,365
$30,657
$36,816
$40,920
$50,130
$63,241
$46,662
$62,355
$47,563
$52,580
$47,079
$36,306
$31,375
$38,645
$40,380
$56,285
$74,476
$77,959
$73,850
$77,894
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
Total Dollar Volume Sold
In Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago
$77,894,113 $62,355,381
Up 25% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago
7.8 9.3
Down -15% Vs. Year Ago
13.3
14.7
12.8
13.3
12.0
16.4
13.1
12.5
12.7
10.6
10.1
12.0
9.3
12.0
9.5
10.5
11.6
12.1
10.9
10.6
8.5
7.6
7.9
7.9
7.8
0
2
4
6
8
10
12
14
16
18
Months of Supply
Current Month's Active Inventory/Current Month's Unit Sales
●
●
Total volume sold this August was 25%
greater than the same month one year
ago.
In August, there was 7.8 months of
supply available, compared to 9.3 in
August 2012. That was a decrease of
15% versus a year ago.
Highlights
®
The Long & Foster Market Conditions Report
61
Roanoke Metropolitan Area - August 2013
544
518
448
381
335
551
495
664
662
551
532
520
526
475
464
369
294
494
519
692
723
697
538
568
576
253
229
210
202
168
228
204
280
294
295
253
279
282
249
237
201
172
253
253
337
389
342
300
346
326
0
100
200
300
400
500
600
700
800
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago
576 526
Up 10% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago
326 282
Up 16% Vs. Year Ago
2.2
2.3
2.1
1.9
2.0
2.4 2.4 2.4
2.3
1.9
2.1
1.9 1.9 1.9 2.0
1.8
1.7
2.0
2.1 2.1
1.9
2.0
1.8
1.6
1.8
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Supply/Demand Ratio
Number of New Listings to New Contracts
160
168
87
62
41
174
159
115
79
44
0
50
100
150
200
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
New Listings
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
92
86
47
33
20
112
95
57
33
23
0
50
100
150
Roanoke
County
Roanoke
City
Franklin
County
Botetourt
County
Salem
County
New Contracts
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
● Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.8,
a decrease of 5% from August 2012.
Highlights
®
The Long & Foster Market Conditions Report
62
Wilmington, DE Area - August 2013
$195,950
$190,000
$177,250
$182,500
$175,000
$168,000
$163,000
$175,000
$179,900
$180,000
$191,500
$190,000
$186,600
$189,900
$187,750
$185,000
$184,500
$180,000
$162,000
$180,000
$185,000
$190,500
$214,500
$210,000
$200,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Median Sales Price
$189,000
$180,000
$199,900
$167,250
$198,500
$208,500
$184,000
$190,000
$145,000
$285,000
$0
$100,000
$200,000
$300,000
New Castle
County
Kent
County, DE
Cecil
County
Salem
County
Kent
County, MD
Median Sale Price
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-5%
-5%
-14%
-10%
-12%
-14%
-8%
-3%
-4%
-5%
-3%
-5%
-5%
0%
6%
1%
5%
7%
-1%
3%
3%
6%
12%
11%
7%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
Median Sale Price
Percent Change Year/Year
●
●
Highlights
This August, the median sale price was
$200,000, an increase of 7% compared
to last year.
The current median sale price was 5%
lower than in July.
®
The Long & Foster Market Conditions Report
63
Wilmington, DE Area - August 2013
668
613
582
589
675
479
481
699
649
745
821
742
780
656
656
684
590
533
471
660
682
790
817
889
822
0
100
200
300
400
500
600
700
800
900
1,000
Total Units Sold
497
143
72
48
20
532
137
89
43
21
0
100
200
300
400
500
600
New Castle
County
Kent
County, DE
Cecil
County
Salem
County
Kent
County, MD
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
23%
31%
20%
22%
21%
25%
27%
35%
2%
16%
21%
16%
17%
7%
13%
16%
-13%
11%
-2%
-6%
5%
6%
0%
20%
5%
-35%
-25%
-15%
-5%
5%
15%
25%
35%
45%
Total Units Sold
Percent Change Year/Year
●
●
Highlights
This month's total units sold was
higher than at this time last year, an
increase of 5% versus August 2012.
There was a decrease of 8% in total
units sold in August compared to July.
®
The Long & Foster Market Conditions Report
64
Wilmington, DE Area - August 2013
0
100
200
300
400
500
600
700
800
900
1,000
Total Units Sold by Type
Detached Attached Condo
631
77%
168
20%
23
3%
Total Units Sold by Type
Current Month
Detached Attached Condo
258
31%
379
46%
146
18%
20
3%
19
2%
Total Units Sold by Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
50
100
150
200
250
300
350
400
450
500
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
65
Wilmington, DE Area - August 2013
7,173
7,019
6,813
6,590
6,144
6,125
6,052
6,104
6,314
6,285
6,192
6,043
5,860
5,805
5,678
5,428
5,020
5,020
5,041
5,130
5,490
5,689
5,639
5,608
5,473
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Total Active Inventory
2,661
1,318
806
685
390
2,376
1,183
867
653
394
0
500
1,000
1,500
2,000
2,500
3,000
New Castle
County
Kent
County, DE
Cecil
County
Salem
County
Kent
County, MD
Total Active Inventory
Of TopFive Counties/CitiesBasedon Total UnitsSold
One Year Ago Current Month
-7%
-10%
-11%
-12%
-12%
-11%
-12%
-13%
-13%
-15%
-16%
-18%
-18%
-17%
-17%
-18%
-18%
-18%
-17%
-16%
-13%
-9%
-9%
-7%
-7%
-30%
-25%
-20%
-15%
-10%
-5%
0%
Total Active Inventory
Percent Change Year/Year
●
●
Highlights
August's total active inventory of
5,473 units was 2% lower than the
previous month's supply of inventory.
Versus last August, the total number
of homes available was lower by 387
units or 7%.
®
The Long & Foster Market Conditions Report
66
Wilmington, DE Area - August 2013
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Total Active Inventory by Type
Detached Attached Condo
4,252
78%
1,033
19%
188
3%
Total Active Inventory
by Type
Current Month
Detached Attached Condo
1,490
27%
2,607
48%
831
15%
241
4%
304
6%
Total Active Inventory by
Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
67
Wilmington, DE Area - August 2013
95.0%
95.7%
94.8%
95.2%
94.9%
95.1%
95.2%
94.4%
95.8%
95.6%
96.2%
95.7%
95.5%
96.0%
96.2%
96.3%
96.4%
96.3%
96.0%
96.0%
96.7%
96.6%
96.9%
96.9%
97.1%
92.5%
93.0%
93.5%
94.0%
94.5%
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
Average Sale Price as a Percent of List Price
96.3%
96.2%
95.0%
94.6%
81.2%
97.5%
97.5%
96.9%
94.2%
93.0%
75.0%
80.0%
85.0%
90.0%
95.0%
100.0%
New Castle
County
Kent
County, DE
Cecil
County
Salem
County
Kent
County, MD
Sale Price as % of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Days on Market
Current
Month
One Year
Ago
89 94
Down -5% Vs. Year
Ago
Avg Sale Price as % of List Price
Current
Month
One Year
Ago
97.1% 95.5%
Up 1.7% Vs. Year Ago
75%
80%
85%
90%
95%
100%
105%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
104
111
108
106106106
107
102102
100
89
95
94
96
97
89
93
92 92
93
94
88
79
77
89
75
80
85
90
95
100
105
110
115
Days on Market
®
The Long & Foster Market Conditions Report
68
Wilmington, DE Area - August 2013
$147,356
$123,018
$121,008
$115,472
$131,708
$88,732
$87,432
$140,730
$125,873
$151,233
$177,708
$162,710
$166,912
$140,908
$132,243
$149,894
$119,599
$109,397
$83,906
$132,752
$141,819
$173,514
$189,706
$198,643
$185,095
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Total Dollar Volume Sold
In Thousands
Total Dollar Volume Sold
Current
Month
One Year
Ago
$185,095,204 $166,911,715
Up 11% Vs. Year Ago
Months of Supply
Current
Month
One Year
Ago
6.7 7.5
Down -11% Vs. Year Ago
10.7
11.5
11.7
11.2
9.1
12.8
12.6
8.7
9.7
8.4
7.5
8.1
7.5
8.9
8.7
7.9
8.5
9.4
10.7
7.8
8.1
7.2
6.9
6.3
6.7
0
2
4
6
8
10
12
14
Months of Supply
Current Month's Active Inventory/Current Month's Unit Sales
●
●
Highlights
Total volume sold this August was 11%
greater than the same month one year
ago.
In August, there was 6.7 months of
supply available, compared to 7.5 in
August 2012. That was a decrease of
11% versus a year ago.
®
The Long & Foster Market Conditions Report
69
Wilmington, DE Area - August 2013
1,223
1,140
1,108
1,015
817
1,270
1,090
1,366
1,391
1,284
1,270
1,071
1,124
1,111
1,079
879
679
1,119
1,127
1,303
1,639
1,457
1,287
1,337
1,240
669
594
607
561
479
626
646
837
778
806
741
697
719
635
638
593
475
624
663
751
853
844
800
795
737
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
New Listings & New Contracts
New Listings New Contracts (Under Active Contract Status)
New Listings
Current
Month
One Year
Ago
1,240 1,124
Up 10% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago
737 719
Up 3% Vs. Year Ago
1.8
1.9
1.8 1.8
1.7
2.0
1.7 1.6
1.8
1.6
1.7
1.5 1.6
1.7 1.7
1.5 1.4
1.8
1.7 1.7
1.9
1.7
1.6
1.7 1.7
0.0
0.5
1.0
1.5
2.0
2.5
Supply/Demand Ratio
Number of New Listings to New Contracts
616
214
171
75
48
670
271
160
95
44
0
200
400
600
800
New Castle
County
Kent
County, DE
Cecil
County
Salem
County
Kent
County, MD
New Listings
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
463
113
86
34
23
458
140
87
33
19
0
100
200
300
400
500
New Castle
County
Kent
County, DE
Cecil
County
Salem
County
Kent
County, MD
New Contracts
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
●
Highlights
Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.7,
an increase of 8% from August 2012.
®
The Long & Foster Market Conditions Report
70
Eastern Shore MD/DE Area - August 2013
$245,000
$225,000
$136,500
$315,000
$279,000
$255,000
$242,500
$147,000
$305,339
$310,000
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Sussex
County
Worcester
County
Wicomico
County
Queen Annes
County
Talbot
County
Median Sale Price
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-9%
-12%
-14%
-6%
-9%
-2%
-3%
6%
11%
2%
-2%
-3%
4%
6%
17%
8%
14%
7%
-4%
-1%
-3%
4%
4%
5%
6%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
Median Sale Price
Percent Change Year/Year
$211,000
$215,000
$201,000
$212,000
$212,500
$195,375
$209,900
$217,700
$232,500
$229,900
$221,000
$219,400
$220,000
$227,000
$235,000
$229,900
$242,500
$209,950
$202,450
$214,450
$225,000
$240,000
$230,000
$230,000
$233,700
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Median Sales Price
●
●
Highlights
This August, the median sale price was
$233,700, an increase of 6% compared
to last year.
The current median sale price was 2%
higher than in July.
®
The Long & Foster Market Conditions Report
71
Eastern Shore MD/DE Area - August 2013
301
132
66
50
39
320
150
72
60
41
0
50
100
150
200
250
300
350
Sussex
County
Worcester
County
Wicomico
County
Queen Annes
County
Talbot
County
Total Units Sold
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
4%
-2%
-4%
8%
-9%
14%
42%
10%
-3%
23%
7%
14%
24%
30%
12%
35%
11%
0%
-4%
10%
16%
21%
9%
24%
12%
-20%
-10%
0%
10%
20%
30%
40%
50%
Total Units Sold
Percent Change Year/Year
528
493
491
477
516
379
439
536
565
693
675
590
655
639
549
643
575
378
422
592
656
840
739
731
732
0
100
200
300
400
500
600
700
800
900
Total Units Sold
●
●
Highlights
The number of units sold remained
relatively stable in August, with 732
sold this month.
This month's total units sold was
higher than at this time last year, an
increase of 12% versus August 2013.
®
The Long & Foster Market Conditions Report
72
Eastern Shore MD/DE Area - August 2013
0
50
100
150
200
250
300
350
400
450
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
0
100
200
300
400
500
600
700
800
900
Total Units Sold by Type
Detached Attached Condo
530
72%
107
15%
95
13%
Total Units Sold by Type
Current Month
Detached Attached Condo
168
23%
306
42%
141
19%
53
7%
64
9%
Total Units Sold by Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
73
Eastern Shore MD/DE Area - August 2013
3,894
1,693
640
582
573
3,532
1,621
562
615
634
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
Sussex
County
Worcester
County
Wicomico
County
Queen
Annes
County
Talbot
County
Total Active Inventory
Of TopFive Counties/CitiesBasedon Total UnitsSold
One Year Ago Current Month
-8%
-8%
-8%
-8%
-8%
-8%
-10%
-11%
-12%
-14%
-14%
-17%
-17%
-17%
-18%
-18%
-17%
-16%
-15%
-13%
-11%
-8%
-7%
-6%
-5%
-25%
-20%
-15%
-10%
-5%
0%
Total Active Inventory
Percent Change Year/Year
10,556
10,448
10,152
9,851
9,332
9,245
9,338
9,456
9,568
9,455
9,190
8,860
8,727
8,630
8,372
8,124
7,702
7,789
7,919
8,215
8,530
8,668
8,503
8,326
8,302
0
2,000
4,000
6,000
8,000
10,000
12,000
Total Active Inventory
●
●
Highlights
This month's supply of available
inventory remained relatively stable
compared to last month.
Versus August 2012, the total number
of homes available was lower by 425
units or 5%.
®
The Long & Foster Market Conditions Report
74
Eastern Shore MD/DE Area - August 2013
1,358
16%
3,268
40%
1,590
19%
769
9%
1,317
16%
Total Active Inventory by
Price Range
Current Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
6,232
75%
1,210
15%
860
10%
Total Active Inventory
by Type
Current Month
Detached Attached Condo
0
2,000
4,000
6,000
8,000
10,000
12,000
Total Active Inventory by Type
Detached Attached Condo
0
2,000
4,000
6,000
8,000
10,000
12,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
®
The Long & Foster Market Conditions Report
75
Eastern Shore MD/DE Area - August 2013
177
200
179
190
223
201
213
201
222
199
184
210
192
180
190190
185182
191
183
176
186
161164
160
100
120
140
160
180
200
220
240
Days on Market
80%
82%
84%
86%
88%
90%
92%
94%
96%
98%
100%
Average Sale Price as a Percent of List Price
by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
94.9%
93.5%
93.1%
94.3%
83.0%
96.4%
93.7%
96.1%
96.3%
91.7%
75.0%
80.0%
85.0%
90.0%
95.0%
100.0%
Sussex
County
Worcester
County
Wicomico
County
Queen
Annes
County
Talbot
County
Sale Price as % of List Price
Of Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Avg Sale Price as % of List Price
Current
Month
One Year
Ago
95.1% 92.6%
Up 2.6% Vs. Year Ago
Days on Market
Current
Month
One Year
Ago
160 192
Down -17% Vs. Year
Ago
93.0%
93.5%
92.8%
91.1%
91.1%
90.9%
90.6%
93.8%
89.6%
92.4%
91.2%
94.0%
92.6%
92.9%
94.1%
93.0%
93.0%
94.5%
94.2%
94.4%
95.3%
94.8%
95.2%
94.5%
95.1%
86.0%
87.0%
88.0%
89.0%
90.0%
91.0%
92.0%
93.0%
94.0%
95.0%
96.0%
Average Sale Price as a Percent of List Price
®
The Long & Foster Market Conditions Report
76
Eastern Shore MD/DE Area - August 2013
●
●
Highlights
Total volume sold this August was 16%
greater than the same month one year
ago.
In August, there was 11.3 months of
supply available, compared to 13.3 in
August 2012. That was a decrease of
15% versus a year ago.
Months of Supply
Current
Month
One Year
Ago
11.3 13.3
Down -15% Vs. Year Ago
Total Dollar Volume Sold
Current
Month
One Year
Ago
$225,436,408 $195,118,712
Up 16% Vs. Year Ago
$146,632
$142,460
$138,649
$135,125
$151,722
$101,073
$114,372
$142,829
$180,334
$214,501
$196,182
$156,736
$195,119
$196,911
$169,051
$192,588
$194,795
$94,819
$110,605
$168,963
$186,199
$263,436
$203,737
$226,760
$225,436
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Total Dollar Volume Sold
In Thousands
20.0
21.2
20.7
20.7
18.1
24.4
21.3
17.6
16.9
13.6
13.6
15.0
13.3
13.5
15.3
12.6
13.4
20.6
18.8
13.9
13.0
10.3
11.5
11.4
11.3
0
5
10
15
20
25
30
Months of Supply
Current Month's Active Inventory/Current Month's Unit Sales
®
The Long & Foster Market Conditions Report
77
Eastern Shore MD/DE Area - August 2013517
466
531
440
415
481
544
639
698
670
617
709
682
589
572
496
371
551
587
720
751
796
710
812
801
1,015
1,047
967
768
649
995
1,119
1,336
1,379
1,215
1,054
1,020
1,204
1,028
940
808
607
1,159
1,092
1,419
1,491
1,442
1,118
1,236
1,357
0
200
400
600
800
1,000
1,200
1,400
1,600
New Listings & New Contracts
New Contracts (Under Active Contract Status) New Listings
2.0
2.2
1.8
1.7
1.6
2.1 2.1 2.1
2.0
1.8
1.7
1.4
1.8 1.7
1.6 1.6 1.6
2.1
1.9
2.0 2.0
1.8
1.6 1.5
1.7
0.0
0.5
1.0
1.5
2.0
2.5
Supply/Demand Ratio
Number of New Listings to New Contracts
535
210
104
103
77
517
294
128
123
90
0
100
200
300
400
500
600
Sussex
County
Worcester
County
Wicomico
County
Queen
Annes
County
Talbot
County
New Listings
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
314
137
58
54
41
314
156
70
83
69
0
50
100
150
200
250
300
350
Sussex
County
Worcester
County
Wicomico
County
Queen
Annes
County
Talbot
County
New Contracts
Of Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
●
Highlights
Based on this month's amount of new
listings and new contracts, the ratio of
home supply (new listings) to current
home demand (new contracts) was 1.7,
similar to the ratio from one year ago.
New Listings
Current
Month
One Year
Ago
1,357 1,204
Up 13% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago
801 682
Up 17% Vs. Year Ago
®
The Long & Foster Market Conditions Report
78
References & Definitions
WASHINGTON D.C. METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION
Based on data supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all
activity in the marketplace.
Counties & cities included in this area are: District of Columbia; Arlington, Clarke, Fairfax, Fauquier, Loudoun, Prince William, Spotsylvania, Stafford, Warren Counties and Alexandria,
Fairfax, Falls Church, Fredericksburg, Manassas, Manassas Park Cities in Virginia; Calvert, Charles, Prince George’s, Frederick, Montgomery Counties in Maryland; Jefferson County in
West Virginia.
BALTIMORE METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION
Based on data supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all
activity in the marketplace.
Counties & cities included in this area are: Anne Arundel, Baltimore, Carroll, Harford, Howard, and Queen Anne’s Counties and Baltimore City in Maryland.
RICHMOND METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION
Data for all counties except for Caroline County (Virginia) is supplied by Central Virginia Regional MLS and its member Association(s) of REALTORS, who are not responsible for its accu-
racy. Data for Caroline County data based on Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy.
Does not reflect all activity in the marketplace.
Counties & cities included in this area are: Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, King and Queen, King William, Louisa,
New Kent, Powhatan, Prince George, and Sussex Counties and Colonial Heights, Hopewell, Petersburg, and Richmond Cities in Virginia.
PHILADELPHIA METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION
Based on data supplied by TREND MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace.
Counties & cities included in this area are: Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania and Gloucester, Camden, Burlington, and Mercer in New
Jersey.
THE TRIANGLE NORTH CAROLINA AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION
Based on data supplied by the Triangle MLS and its and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace.
Counties include in this area are: Alamance, Chatham, Durham, Franklin, Granville, Harnett, Johnston, Orange, and Wake in North Carolina.
Analysis dates for all regions: August 1, 2011 through August 31, 2013.
®
The Long & Foster Market Conditions Report
79
References & Definitions
HAMPTON ROADS AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION
Data for all counties except for Gloucester and Mathews Counties in Virginia is supplied by Real Estate Information Network MLS and its member Association(s) of REALTORS, who are
not responsible for its accuracy. Data for Gloucester and Mathews Counties is supplied by Chesapeake Bay & Rivers MLS and its member Association(s) of REALTORS, who are not re-
sponsible for its accuracy. Does not reflect all activity in the marketplace.
Counties & cities included in this area are: Gloucester, Isle of Wight, James City, Mathews, Surry, and York Counties and Chesapeake, Hampton, Newport News, Norfolk, Poquoson,
Portsmouth, Suffolk, Virginia Beach, and Williamsburg Cites in Virginia; Currituck County in North Carolina.
ROANOKE METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION
Based on data supplied by Roanoke Valley Multiple Listing Service and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in
the marketplace.
Counties & cities included in this area are: Botetourt, Craig, Franklin, and Roanoke Counties and Roanoke and Salem Cities in Virginia.
WILMINGTON, DE AREA: LISTING SOURCE, REPORTING AREA & DEFINITION
Data for Kent and New Castle Counties in Delaware and Salem County in New Jersey supplied by TREND MLS and its member Association(s) of REALTORS, who are not responsible for
its accuracy. Data for Cecil and Kent Counties in Maryland is supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not
responsible for its accuracy. Does not reflect all activity in the marketplace.
Counties & Cities included in this area are: Kent and New Castle Counties in Delaware, Cecil and Kent Counties in Maryland, and Salem County in New Jersey.
EASTERN SHORE MD/DE AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION
Data for Caroline, Dorchester, Kent, Queen Anne’s, and Talbot, Counties in Maryland is supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of
REALTORS. Data for Sussex County, Delaware is supplied by SCAOR and its member Association(s) of REALTORS. Data for Somerset, Wicomico, and Worcester Counties in Maryland is
supplied by Coastal MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace.
Counties & cities include in this area are: Caroline, Dorchester, Kent, Queen Anne’s, Somerset, Talbot, Wicomico, and Worcester Counties In Maryland and Sussex County in Delaware.
Units defined as “Condo” in MRIS have been labeled as “Attached” to allow for data from MRIS & Coastal MLS to be combined.
Analysis dates for all regions: August 1, 2011 through August 31, 2013.
®
The Long & Foster Market Conditions Report
80
Contacts & Disclaimers
MEDIA CONTACT
Vicki Bendure, Bendure Communications
Email: Vicki@bendurepr.com
Phone: (540) 687-3360
CREATED BY
Michael Bystry, Long & Foster Real Estate, Inc. Senior Market Research Analyst
Elizabeth Nourse, Long & Foster Real Estate, Inc. Director of Marketing
DISCLAIMER
Information contained in this report is based on data provided by the local area Multiple Listing Service and its member Association(s) of REAL-
TORS®. No representation, expressed or implied should be taken from information herein. Neither these organizations nor Long & Foster Real Es-
tate, Inc. guarantee or are in any way responsible for the accuracy of these results, which do not reflect all activity in the marketplace. “Detached”,
“Attached”, and “Condo” varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact
one of Long & Foster’s knowledgeable and experienced sales associates. Information contained in this report is not limited to transactions done by
Long & Foster Real Estate, Inc. The data reported is solely for residential real estate transactions.
Information contained in this report is deemed reliable but not guaranteed, should be independently verified and does not constitute an opinion of
Long & Foster Real Estate, Inc.
Material appearing in this report may be reproduced or copied without permission.
Please use the following acknowledgement for citation:
Source: Long & Foster Real Estate, Inc. and also cite the appropriate MLS.
Analysis dates for all regions: August 1, 2011 through August 31, 2013.

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Long and foster market conditions

  • 1. ® The Long & Foster Market Conditions Report - August 2013 Release - www.longandfoster.com
  • 2. ® The Long & Foster Market Conditions Report 2 Page Content 3 Executive Summary: The Mid-Atlantic Metropolitan Statistical Areas ‘At A Glance’ 6 Washington D.C. Metropolitan Area 14 Baltimore Metropolitan Area 22 Richmond Metropolitan Area 30 Philadelphia Metropolitan Area 38 The Triangle, NC Area 46 Hampton Roads Area 54 Roanoke Metropolitan Area 62 Wilmington, DE Area 70 Eastern Shore MD/DE Area (Includes Caroline, Dorchester, Kent, Queen Anne's, Somerset, Talbot, Wicomico, and Worcester Counties in Maryland and Sussex County in Delaware) Appendix 78 References & Definitions 80 Contacts & Disclaimers
  • 3. ® The Long & Foster Market Conditions Report 3 Market Highlights ‘At A Glance’ - August 2013 Richmond Metropolitan Area Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Washington D.C. Metropolitan Area Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Baltimore Metropolitan Area Vs. Year AgoVs. Year AgoVs. Year Ago Vs. Year Ago Vs. Year Ago 0 500 1,000 1,500 2,000 2,500 3,000 3,500 A-11 D-11 A-12 A-12 D-12 A-13 A-13 9,000 11,000 13,000 15,000 17,000 19,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 $150,000 $190,000 $230,000 $270,000 $310,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 30 40 50 60 70 80 90 100 110 A-11 D-11 A-12 A-12 D-12 A-13 A-13 0 2,000 4,000 6,000 8,000 10,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 $200,000 $240,000 $280,000 $320,000 $360,000 $400,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 20 30 40 50 60 70 80 A-11 D-11 A-12 A-12 D-12 A-13 A-13 10,000 15,000 20,000 25,000 30,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 95.5% 96.0% 96.5% 97.0% 97.5% 98.0% 98.5% 99.0% 99.5% A-11 D-11 A-12 A-12 D-12 A-13 A-13 250 450 650 850 1,050 1,250 1,450 1,650 1,850 A-11 D-11 A-12 A-12 D-12 A-13 A-13 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 40 50 60 70 80 90 A-11 D-11 A-12 A-12 D-12 A-13 A-13 5,000 6,000 7,000 8,000 9,000 10,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 94.0% 95.0% 96.0% 97.0% 98.0% 99.0% A-11 D-11 A-12 A-12 D-12 A-13 A-13 93.0% 94.0% 95.0% 96.0% 97.0% 98.0% 99.0% A-11 D-11 A-12 A-12 D-12 A-13 A-13
  • 4. ® The Long & Foster Market Conditions Report 4 Market Highlights ‘At A Glance’ - August 2013 The Triangle, NC Area Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Philadelphia Metropolitan Area Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Hampton Roads Area 1,000 2,000 3,000 4,000 5,000 6,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 $180,000 $190,000 $200,000 $210,000 $220,000 $230,000 $240,000 $250,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 50 60 70 80 90 100 110 120 A-11 D-11 A-12 A-12 D-12 A-13 A-13 19,000 24,000 29,000 34,000 39,000 44,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 92.0% 93.0% 94.0% 95.0% 96.0% 97.0% 98.0% A-11 D-11 A-12 A-12 D-12 A-13 A-13 500 1,000 1,500 2,000 2,500 3,000 3,500 A-11 D-11 A-12 A-12 D-12 A-13 A-13 $160,000 $170,000 $180,000 $190,000 $200,000 $210,000 $220,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 70 80 90 100 110 120 130 140 150 A-11 D-11 A-12 A-12 D-12 A-13 A-13 8,000 10,000 12,000 14,000 16,000 18,000 20,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 92.0% 93.0% 94.0% 95.0% 96.0% 97.0% 98.0% 99.0% A-11 D-11 A-12 A-12 D-12 A-13 A-13 100 600 1,100 1,600 2,100 2,600 A-11 D-11 A-12 A-12 D-12 A-13 A-13 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 $240,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 70 80 90 100 110 120 A-11 D-11 A-12 A-12 D-12 A-13 A-13 8,000 9,000 10,000 11,000 12,000 13,000 14,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 95.0% 95.5% 96.0% 96.5% 97.0% 97.5% 98.0% A-11 D-11 A-12 A-12 D-12 A-13 A-13
  • 5. ® The Long & Foster Market Conditions Report 5 Market Highlights ‘At A Glance’ - August 2013 Eastern Shore MD/DE Area Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Roanoke Metropolitan Area Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Vs. Year Ago Wilmington, DE Area 0 50 100 150 200 250 300 350 400 A-11 D-11 A-12 A-12 D-12 A-13 A-13 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 50 70 90 110 130 150 A-11 D-11 A-12 A-12 D-12 A-13 A-13 1,000 1,500 2,000 2,500 3,000 3,500 A-11 D-11 A-12 A-12 D-12 A-13 A-13 91.0% 92.0% 93.0% 94.0% 95.0% 96.0% 97.0% A-11 D-11 A-12 A-12 D-12 A-13 A-13 0 200 400 600 800 1,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 $240,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 50 60 70 80 90 100 110 120 A-11 D-11 A-12 A-12 D-12 A-13 A-13 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 A-11 D-11 A-12 A-12 D-12 A-13 A-13 92.0% 93.0% 94.0% 95.0% 96.0% 97.0% 98.0% A-11 D-11 A-12 A-12 D-12 A-13 A-13 0 200 400 600 800 1,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 $220,000 $240,000 $260,000 A-11 D-11 A-12 A-12 D-12 A-13 A-13 50 100 150 200 250 A-11 D-11 A-12 A-12 D-12 A-13 A-13 3,500 4,500 5,500 6,500 7,500 8,500 9,500 10,500 11,500 A-11 D-11 A-12 A-12 D-12 A-13 A-13 86.0% 88.0% 90.0% 92.0% 94.0% 96.0% A-11 D-11 A-12 A-12 D-12 A-13 A-13
  • 6. ® The Long & Foster Market Conditions Report 6 Washington D.C. Metropolitan Area - August 2013 ● ● This August, the current median sale price of $369,900 was similar to the median sale price of last month. The current median sale price was 9% higher than the same month last year. Highlights $324,000 $298,000 $290,000 $300,000 $290,000 $289,900 $280,000 $310,000 $329,700 $345,000 $356,500 $349,000 $340,000 $328,000 $324,000 $335,000 $330,000 $310,000 $319,900 $340,000 $360,000 $375,000 $389,000 $375,000 $369,900 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 Median Sales Price $440,000 $370,000 $435,000 $175,000 $275,500 $468,000 $415,950 $463,500 $209,450 $312,500 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 Fairfax County Montgomery County District of Columbia Prince George's County Prince William County Median Sale Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 1% -1% -3% -4% -5% 4% 4% 8% 10% 10% 7% 7% 5% 10% 12% 12% 14% 7% 14% 10% 9% 9% 9% 7% 9% -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% 14% 16% Median Sale Price Percent Change Year/Year
  • 7. ® The Long & Foster Market Conditions Report 7 Washington D.C. Metropolitan Area - August 2013 6,158 5,114 4,614 4,683 5,087 3,822 4,230 5,329 5,901 6,968 7,380 6,609 6,657 5,356 5,336 5,861 5,388 4,196 4,346 5,730 6,488 7,870 8,219 7,844 7,253 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Total Units Sold 1,412 977 645 779 627 1,498 1,120 760 716 626 0 200 400 600 800 1,000 1,200 1,400 1,600 Fairfax County Montgomery County District of Columbia Prince George's County Prince William County Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● ● This month's total units sold was higher than at this time last year, an increase of 9% versus August 2012. There was a decrease of 8% in total units sold in August compared to July. Highlights 6% -4% -3% -1% -4% -1% 4% -5% 4% 13% 2% 6% 8% 5% 16% 25% 6% 10% 3% 8% 10% 13% 11% 19% 9% -30% -20% -10% 0% 10% 20% 30% Total Units Sold Percent Change Year/Year
  • 8. ® The Long & Foster Market Conditions Report 8 Washington D.C. Metropolitan Area - August 2013 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Total Units Sold by Type Detached Attached Condo 3,960 55%2,135 29% 1,158 16% Total Units Sold by Type Current Month Detached Attached Condo 562 8% 2,042 28% 2,082 29% 1,132 15% 1,435 20% Total Units Sold by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 500 1,000 1,500 2,000 2,500 Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 9. ® The Long & Foster Market Conditions Report 9 Washington D.C. Metropolitan Area - August 2013 27,555 27,970 26,551 24,338 21,330 20,353 20,347 21,703 22,527 22,256 21,894 20,550 19,236 19,364 18,380 16,842 14,935 14,529 14,725 15,477 17,071 18,667 18,692 18,392 17,374 0 5,000 10,000 15,000 20,000 25,000 30,000 Total Active Inventory 2,844 2,717 1,543 3,082 1,343 2,682 2,340 1,207 1,935 1,371 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Fairfax County Montgomery County District of Columbia Prince George's County Prince William County Total Active Inventory Of TopFive Counties/CitiesBasedon Total UnitsSold One Year Ago Current Month -10% -11% -15% -17% -23% -24% -23% -22% -23% -24% -25% -27% -30% -31% -31% -31% -30% -29% -28% -29% -24% -16% -15% -11% -10% -45% -40% -35% -30% -25% -20% -15% -10% -5% 0% Total Active Inventory Percent Change Year/Year ● ● Highlights August's total active inventory of 17,374 units was 6% lower than the previous month's supply of inventory. Versus last August, the total number of homes available was lower by 1,862 units or 10%.
  • 10. ® The Long & Foster Market Conditions Report 10 Washington D.C. Metropolitan Area - August 2013 0 5,000 10,000 15,000 20,000 25,000 30,000 Total Active Inventory by Type Detached Attached Condo 12,105 70% 3,315 19% 1,954 11% Total Active Inventory by Type Current Month Detached Attached Condo 1,141 7% 4,583 26% 4,396 25% 2,668 15% 4,586 27% Total Active Inventory by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 5,000 10,000 15,000 20,000 25,000 30,000 Total Active Inventory by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 11. ® The Long & Foster Market Conditions Report 11 Washington D.C. Metropolitan Area - August 2013 97.5% 97.5% 97.5% 97.4% 97.1% 97.1% 97.6% 97.6% 98.1% 98.2% 98.2% 98.1% 98.0% 98.0% 98.0% 97.8% 98.0% 97.8% 98.3% 98.2% 99.0% 99.1% 99.3% 98.9% 98.9% 95.5% 96.0% 96.5% 97.0% 97.5% 98.0% 98.5% 99.0% 99.5% Average Sale Price as a Percent of List Price 97.9% 97.4% 98.6% 98.2% 98.7% 98.7% 98.7% 99.7% 99.4% 98.9% 96.0% 97.0% 98.0% 99.0% 100.0% Fairfax County Montgomery County District of Columbia Prince George's County Prince William County Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month Days on Market Current Month One Year Ago 34 50 Down -32% Vs. Year Ago Avg Sale Price as % of List Price Current Month One Year Ago 98.9% 98.0% Up 0.9% Vs. Year Ago 93% 94% 95% 96% 97% 98% 99% 100% 101% Average Sale Price as a Percent of List Price by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 58 64 63 65 67 70 70 65 58 49 48 49 50 52 51 48 54 56 53 48 39 34 30 33 34 30 35 40 45 50 55 60 65 70 75 Days on Market
  • 12. ® The Long & Foster Market Conditions Report 12 Washington D.C. Metropolitan Area - August 2013 $2,427,255 $1,900,169 $1,637,762 $1,719,430 $1,859,161 $1,366,905 $1,468,903 $2,016,643 $2,314,433 $2,908,485 $3,117,097 $2,786,362 $2,717,039 $2,114,964 $2,041,936 $2,388,831 $2,238,930 $1,581,028 $1,663,447 $2,371,553 $2,757,672 $3,555,871 $3,803,463 $3,538,509 $3,166,471 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 Total Dollar Volume Sold In Thousands Total Dollar Volume Sold Current Month One Year Ago $3,166,470,861 $2,717,039,485 Up 17% Vs. Year Ago Months of Supply Current Month One Year Ago 2.4 2.9 Down -17% Vs. Year Ago 4.5 5.5 5.8 5.2 4.2 5.3 4.8 4.1 3.8 3.2 3.0 3.1 2.9 3.6 3.4 2.9 2.8 3.5 3.4 2.7 2.6 2.4 2.3 2.3 2.4 0 1 2 3 4 5 6 7 Months of Supply Current Month's Active Inventory/Current Month's Unit Sales ● ● In August, there was 2.4 months of supply available, compared to 2.9 in August 2012. That was a decrease of 17% versus a year ago. Highlights Total volume sold this August was 17% greater than the same month one year ago.
  • 13. ® The Long & Foster Market Conditions Report 13 Washington D.C. Metropolitan Area - August 2013 7,756 8,232 7,283 5,871 4,511 6,959 7,845 10,752 9,894 9,529 8,778 7,566 7,733 7,929 7,374 5,644 4,192 6,561 7,356 9,407 11,403 11,547 9,799 9,481 8,858 5,208 4,622 5,076 4,481 3,983 4,881 5,646 7,094 7,157 7,015 6,408 5,913 5,791 5,288 5,687 4,793 4,098 5,160 5,698 7,136 8,290 7,998 7,522 7,229 6,924 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 New Listings & New Contracts New Listings New Contracts (Under Active Contract Status) New Listings Current Month One Year Ago 8,858 7,733 Up 15% Vs. Year Ago New Contracts Current Month One Year Ago 6,924 5,791 Up 20% Vs. Year Ago 1.5 1.8 1.4 1.3 1.1 1.4 1.4 1.5 1.4 1.4 1.4 1.3 1.3 1.5 1.3 1.2 1.0 1.3 1.3 1.3 1.4 1.4 1.3 1.3 1.3 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 Supply/Demand Ratio Number of New Listings to New Contracts 1,472 1,055 647 1,085 637 1,704 1,248 756 1,062 859 0 500 1,000 1,500 2,000 Fairfax County Montgomery County District of Columbia Prince George's County Prince William County New Listings Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 1,125 792 554 771 530 1,285 1,040 696 961 638 0 500 1,000 1,500 2,000 2,500 Fairfax County Montgomery County District of Columbia Prince George's County Prince William County New Contracts Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.3, similar to the ratio from one year ago. Highlights
  • 14. ® The Long & Foster Market Conditions Report 14 Baltimore Metropolitan Area - August 2013 ● ● The current median sale price was 5% lower than in July. This August, the median sale price was $253,000, an increase of 5% compared to last year. Highlights $235,000 $227,500 $219,000 $225,000 $219,900 $210,000 $210,000 $217,900 $237,926 $240,000 $250,000 $250,000 $240,000 $236,000 $230,000 $230,000 $235,000 $213,000 $215,000 $229,200 $240,000 $250,000 $260,000 $265,000 $253,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 Median Sales Price $209,000 $314,490 $120,000 $372,000 $235,000 $215,325 $320,000 $136,100 $400,050 $225,000 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Baltimore County Anne Arundel County Baltimore City Howard County Harford County Median Sale Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month -5% -3% -9% -2% -2% 0% 0% 9% 10% 9% 6% 11% 2% 4% 5% 2% 7% 1% 2% 5% 1% 4% 4% 6% 5% -14% -12% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% 14% Median Sale Price Percent Change Year/Year
  • 15. ® The Long & Foster Market Conditions Report 15 Baltimore Metropolitan Area - August 2013 2,183 2,005 1,712 1,769 1,856 1,426 1,561 2,028 2,134 2,516 2,718 2,465 2,551 2,195 2,071 2,237 2,066 1,642 1,565 2,088 2,441 2,926 3,264 3,152 2,906 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Total Units Sold 705 563 501 336 236 776 690 607 320 271 0 400 800 1,200 Baltimore County Anne Arundel County Baltimore City Howard County Harford County Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● ● There was a decrease of 8% in total units sold in August compared to July. Highlights This month's total units sold was higher than at this time last year, an increase of 14% versus August 2012. 11% 6% 4% 7% -1% -3% 6% 1% 0% 12% 7% 7% 17% 9% 21% 26% 11% 15% 0% 3% 14% 16% 20% 28% 14% -10% 0% 10% 20% 30% Total Units Sold Percent Change Year/Year
  • 16. ® The Long & Foster Market Conditions Report 16 Baltimore Metropolitan Area - August 2013 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Total Units Sold by Type Detached Attached Condo 1,626 56% 1,053 36% 227 8% Total Units Sold by Type Current Month Detached Attached Condo 652 22% 1,125 39% 641 22% 271 9% 217 8% Total Units Sold by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 200 400 600 800 1,000 1,200 1,400 Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 17. ® The Long & Foster Market Conditions Report 17 Baltimore Metropolitan Area - August 2013 18,213 17,942 17,320 16,029 14,414 13,814 13,726 14,206 14,830 14,861 14,699 14,230 13,693 13,531 13,167 12,318 11,291 11,100 11,282 11,709 12,695 13,196 13,263 13,023 12,452 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 Total Active Inventory 3,227 2,894 3,475 1,169 1,391 2,903 2,676 3,084 1,012 1,275 0 1,000 2,000 3,000 4,000 5,000 6,000 Baltimore County Anne Arundel County Baltimore City Howard County Harford County Total Active Inventory Of TopFive Counties/CitiesBasedon Total UnitsSold One Year Ago Current Month -12% -14% -15% -18% -23% -23% -23% -22% -21% -22% -23% -24% -25% -25% -24% -23% -22% -20% -18% -18% -14% -11% -10% -8% -9% -35% -30% -25% -20% -15% -10% -5% 0% Total Active Inventory Percent Change Year/Year ● ● Versus last August, the total number of homes available was lower by 1,241 units or 9%. Highlights August's total active inventory of 12,452 units was 4% lower than the previous month's supply of inventory.
  • 18. ® The Long & Foster Market Conditions Report 18 Baltimore Metropolitan Area - August 2013 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 Total Active Inventory by Type Detached Attached Condo 7,564 61% 4,114 33% 774 6% Total Active Inventory by Type Current Month Detached Attached Condo 3,084 25% 3,885 31% 2,294 18% 1,383 11% 1,806 15% Total Active Inventory by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 Total Active Inventory by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 19. ® The Long & Foster Market Conditions Report 19 Baltimore Metropolitan Area - August 2013 95.8% 95.6% 95.6% 95.6% 95.3% 95.5% 95.1% 95.8% 95.5% 96.4% 96.4% 96.8% 96.7% 96.2% 96.8% 96.8% 96.7% 96.5% 96.9% 96.8% 97.1% 97.6% 97.8% 97.6% 97.4% 93.5% 94.0% 94.5% 95.0% 95.5% 96.0% 96.5% 97.0% 97.5% 98.0% 98.5% Average Sale Price as a Percent of List Price 96.4% 96.6% 96.0% 97.9% 96.8% 97.2% 97.3% 96.8% 98.8% 97.2% 93.0% 94.0% 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% Baltimore County Anne Arundel County Baltimore City Howard County Harford County Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month Days on Market Current Month One Year Ago 58 78 Down -26% Vs. Year Ago Avg Sale Price as % of List Price Current Month One Year Ago 97.4% 96.7% Up 0.8% Vs. Year Ago 86% 88% 90% 92% 94% 96% 98% 100% Average Sale Price as a Percent of List Price by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 88 97 94 94 100100 99 105 98 85 78 77 78 77 78 79 81 81 87 82 75 60 58 57 58 55 65 75 85 95 105 115 Days on Market
  • 20. ® The Long & Foster Market Conditions Report 20 Baltimore Metropolitan Area - August 2013 $606,441 $547,438 $437,511 $464,704 $494,423 $365,176 $380,189 $512,851 $610,833 $702,631 $822,470 $729,549 $724,948 $624,351 $554,957 $610,219 $579,587 $409,096 $391,588 $556,709 $692,507 $871,868 $986,288 $982,135 $855,641 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Total Dollar Volume Sold In Thousands Total Dollar Volume Sold Current Month One Year Ago $855,640,702 $724,947,577 Up 18% Vs. Year Ago Months of Supply Current Month One Year Ago 4.3 5.4 Down -20% Vs. Year Ago 8.3 9.0 10.1 9.1 7.8 9.7 8.8 7.0 7.0 5.9 5.4 5.8 5.4 6.2 6.4 5.5 5.5 6.8 7.2 5.6 5.2 4.5 4.1 4.1 4.3 0 2 4 6 8 10 12 Months of Supply Current Month's Active Inventory/Current Month's Unit Sales ● ● Highlights Total volume sold this August was 18% greater than the same month one year ago. In August, there was 4.3 months of supply available, compared to 5.4 in August 2012. That was a decrease of 20% versus a year ago.
  • 21. ® The Long & Foster Market Conditions Report 21 Baltimore Metropolitan Area - August 2013 3,499 3,351 3,355 2,562 1,889 2,950 3,361 4,425 4,323 4,129 3,892 3,594 3,610 3,335 3,289 2,627 1,905 3,136 3,289 4,291 5,123 4,958 4,423 4,348 4,200 2,006 1,723 1,895 1,754 1,434 1,777 2,090 2,652 2,551 2,614 2,458 2,422 2,378 2,042 2,203 1,872 1,542 2,001 2,127 2,853 3,226 3,301 2,993 2,983 2,954 0 1,000 2,000 3,000 4,000 5,000 6,000 New Listings & New Contracts New Listings New Contracts (Under Active Contract Status) New Listings Current Month One Year Ago 4,200 3,610 Up 16% Vs. Year Ago New Contracts Current Month One Year Ago 2,954 2,378 Up 24% Vs. Year Ago 1.7 1.9 1.8 1.5 1.3 1.7 1.6 1.7 1.7 1.6 1.6 1.5 1.5 1.6 1.5 1.4 1.2 1.6 1.5 1.5 1.6 1.5 1.5 1.5 1.4 0.0 0.5 1.0 1.5 2.0 2.5 Supply/Demand Ratio Number of New Listings to New Contracts 918 750 852 428 359 1,071 902 922 471 421 0 200 400 600 800 1,000 1,200 Baltimore County Anne Arundel County Baltimore City Howard County Harford County New Listings Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 665 528 479 302 223 786 663 615 338 295 0 200 400 600 800 1,000 1,200 Baltimore County Anne Arundel County Baltimore City Howard County Harford County New Contracts Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.4, a decrease of 6% from August 2012. Highlights
  • 22. ® The Long & Foster Market Conditions Report 22 Richmond Metropolitan Area - August 2013 ● ● The current median sale price was 12% higher than the same month last year. This August, the current median sale price of $206,500 was similar to the median sale price of last month. Highlights $193,950 $177,900 $169,900 $174,700 $175,000 $155,000 $162,500 $170,000 $185,000 $180,000 $200,000 $198,625 $185,000 $180,000 $177,457 $185,000 $185,000 $170,000 $175,500 $185,000 $186,500 $195,500 $210,000 $207,000 $206,500 $0 $50,000 $100,000 $150,000 $200,000 $250,000 Median Sales Price $202,318 $188,285 $165,000 $201,918 $133,900 $210,000 $225,950 $196,000 $249,950 $150,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 Chesterfield County Henrico County Richmond City Hanover County Caroline County Median Sale Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month -4% -5% -8% -5% -8% -10% 2% -5% 3% 4% 6% 5% -5% 1% 4% 6% 6% 10% 8% 9% 1% 9% 5% 4% 12% -16% -14% -12% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 12% 14% Median Sale Price Percent Change Year/Year
  • 23. ® The Long & Foster Market Conditions Report 23 Richmond Metropolitan Area - August 2013 1,192 999 879 932 1,065 768 862 1,039 1,173 1,424 1,501 1,340 1,352 1,047 1,094 1,118 1,089 834 896 1,086 1,313 1,585 1,630 1,597 1,459 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 Total Units Sold 430 390 198 106 33 437 394 234 122 43 0 100 200 300 400 500 600 Chesterfield County Henrico County Richmond City Hanover County Caroline County Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● ● There was a decrease of 9% in total units sold in August compared to July. This month's total units sold was higher than at this time last year, an increase of 8% versus August 2012. Highlights 22% 15% -1% 14% 19% 9% 13% 4% 20% 17% 13% 19% 13% 5% 24% 20% 2% 9% 4% 5% 12% 11% 9% 19% 8% -10% 0% 10% 20% 30% Total Units Sold Percent Change Year/Year
  • 24. ® The Long & Foster Market Conditions Report 24 Richmond Metropolitan Area - August 2013 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 Total Units Sold by Type Detached Attached Condo 1,246 85% 138 10% 75 5% Total Units Sold by Type Current Month Detached Attached Condo 416 28% 663 45% 241 17% 84 6% 55 4% Total Units Sold by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 100 200 300 400 500 600 700 800 Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 25. ® The Long & Foster Market Conditions Report 25 Richmond Metropolitan Area - August 2013 9,281 8,843 8,558 8,153 7,471 7,475 7,543 7,675 7,942 8,004 7,948 7,809 7,640 7,663 7,408 7,233 6,806 6,646 6,794 6,911 7,275 7,484 7,432 7,422 7,220 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Total Active Inventory 1,963 1,585 1,130 646 182 1,900 1,399 1,033 604 183 0 500 1,000 1,500 2,000 2,500 Chesterfield County Henrico County Richmond City Hanover County Caroline County Total Active Inventory Of TopFive Counties/CitiesBasedon Total UnitsSold One Year Ago Current Month -18% -21% -20% -21% -22% -21% -20% -21% -20% -19% -19% -18% -18% -13% -13% -11% -9% -11% -10% -10% -8% -6% -6% -5% -5% -30% -25% -20% -15% -10% -5% 0% Total Active Inventory Percent Change Year/Year ● ● Versus last August, the total number of homes available was lower by 420 units or 5%. August's total active inventory of 7,220 units was 3% lower than the previous month's supply of inventory. Highlights
  • 26. ® The Long & Foster Market Conditions Report 26 Richmond Metropolitan Area - August 2013 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Total Active Inventory by Type Detached Attached Condo 6,245 87% 676 9% 299 4% Total Active Inventory by Type Current Month Detached Attached Condo 2,043 28% 3,320 46% 1,033 14% 410 6% 414 6% Total Active Inventory by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Total Active Inventory by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 27. ® The Long & Foster Market Conditions Report 27 Richmond Metropolitan Area - August 2013 96.3% 96.6% 96.4% 96.6% 96.7% 95.7% 95.5% 96.8% 96.9% 97.4% 97.5% 96.9% 97.4% 97.5% 97.3% 97.2% 97.7% 97.2% 97.4% 97.8% 98.0% 97.8% 98.2% 98.0% 98.0% 94.0% 94.5% 95.0% 95.5% 96.0% 96.5% 97.0% 97.5% 98.0% 98.5% Average Sale Price as a Percent of List Price 97.2% 98.4% 96.3% 98.1% 97.2% 98.7% 98.4% 97.0% 98.4% 97.5% 94.0% 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% Chesterfield County Henrico County Richmond City Hanover County Caroline County Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month Days on Market Current Month One Year Ago 59 65 Down -9% Vs. Year Ago Avg Sale Price as % of List Price Current Month One Year Ago 98.0% 97.4% Up 0.7% Vs. Year Ago 84% 86% 88% 90% 92% 94% 96% 98% 100% 102% Average Sale Price as a Percent of List Price by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 80 80 83 85 79 84 81 76 73 71 63 65 65 71 73 72 73 75 76 68 62 58 53 57 59 50 55 60 65 70 75 80 85 90 Days on Market
  • 28. ® The Long & Foster Market Conditions Report 28 Richmond Metropolitan Area - August 2013 $266,120 $214,834 $174,274 $195,678 $224,532 $141,904 $167,847 $207,087 $246,390 $306,881 $358,403 $321,401 $299,414 $225,108 $241,661 $249,257 $244,327 $176,827 $191,735 $230,198 $291,618 $368,664 $398,977 $392,263 $356,531 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 Total Dollar Volume Sold In Thousands Total Dollar Volume Sold Current Month One Year Ago $356,530,817 $299,414,297 Up 19% Vs. Year Ago Months of Supply Current Month One Year Ago 5.0 5.7 Down -12% Vs. Year Ago 7.8 8.9 9.7 8.8 7.0 9.7 8.8 7.4 6.8 5.6 5.3 5.8 5.7 7.3 6.8 6.5 6.3 8.0 7.6 6.4 5.5 4.7 4.6 4.7 5.0 0 2 4 6 8 10 12 Months of Supply Current Month's Active Inventory/Current Month's Unit Sales ● ● Total volume sold this August was 19% greater than the same month one year ago. In August, there was 5.0 months of supply available, compared to 5.7 in August 2012. That was a decrease of 12% versus a year ago. Highlights
  • 29. ® The Long & Foster Market Conditions Report 29 Richmond Metropolitan Area - August 2013 2,122 1,789 1,909 1,548 1,270 2,217 2,003 2,422 2,313 2,316 2,096 2,066 2,020 1,846 1,807 1,532 1,239 2,017 2,009 2,304 2,684 2,576 2,161 2,331 2,176 1,056 938 1,033 925 822 1,001 1,140 1,489 1,436 1,419 1,336 1,138 1,242 1,061 1,112 923 824 1,087 1,240 1,485 1,680 1,736 1,506 1,421 1,459 0 500 1,000 1,500 2,000 2,500 3,000 New Listings & New Contracts New Listings New Contracts (Under Active Contract Status) New Listings Current Month One Year Ago 2,176 2,020 Up 8% Vs. Year Ago New Contracts Current Month One Year Ago 1,459 1,242 Up 17% Vs. Year Ago 2.0 1.9 1.8 1.7 1.5 2.2 1.8 1.6 1.6 1.6 1.6 1.8 1.6 1.7 1.6 1.7 1.5 1.9 1.6 1.6 1.6 1.5 1.4 1.6 1.5 0.0 0.5 1.0 1.5 2.0 2.5 Supply/Demand Ratio Number of New Listings to New Contracts 552 520 295 159 45 643 519 347 185 50 0 200 400 600 800 Chesterfield County Henrico County Richmond City Hanover County Caroline County New Listings Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 386 352 169 93 40 434 425 206 125 38 0 200 400 600 800 Chesterfield County Henrico County Richmond City Hanover County Caroline County New Contracts Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.5, a decrease of 8% from August 2012. Highlights
  • 30. ® The Long & Foster Market Conditions Report 30 Philadelphia Metropolitan Area - August 2013 ● ● The current median sale price was 2% lower than in July. This August, the median sale price was $232,000, an increase of 4% compared to last year. Highlights $220,000 $208,000 $200,000 $199,900 $195,000 $197,000 $183,750 $193,000 $203,000 $217,000 $230,000 $227,215 $223,000 $210,000 $203,000 $210,000 $207,000 $190,000 $185,000 $206,500 $206,000 $220,000 $238,500 $237,500 $232,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 Median Sales Price $149,000 $255,000 $280,000 $315,000 $210,413 $150,000 $274,000 $290,000 $317,450 $229,950 $0 $100,000 $200,000 $300,000 $400,000 $500,000 Philadelphia County Montgomery County Bucks County Chester County Delaware County MedianSalePrice Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month -4% -6% -5% -5% -8% -2% -5% -2% 4% 3% 0% 3% 1% 1% 2% 5% 6% -4% 1% 7% 1% 1% 4% 5% 4% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% Median Sale Price Percent Change Year/Year
  • 31. ® The Long & Foster Market Conditions Report 31 Philadelphia Metropolitan Area - August 2013 4,012 3,309 2,983 3,026 3,188 2,498 2,441 3,365 3,590 4,246 4,857 4,294 4,703 3,704 3,489 4,033 3,569 2,882 2,750 3,628 4,325 5,140 5,741 5,546 5,146 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Total Units Sold 1,041 857 622 557 522 1,092 926 705 624 558 0 500 1,000 1,500 Philadelphia County Montgomery County Bucks County Chester County Delaware County Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● ● There was a decrease of 7% in total units sold in August compared to July. This month's total units sold was higher than at this time last year, an increase of 9% versus August 2012. Highlights 21% 8% 6% 11% 6% 9% 12% 13% 12% 19% 14% 14% 17% 12% 17% 33% 12% 15% 13% 8% 20% 21% 18% 29% 9% 0% 10% 20% 30% 40% Total Units Sold Percent Change Year/Year
  • 32. ® The Long & Foster Market Conditions Report 32 Philadelphia Metropolitan Area - August 2013 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Total Units Sold by Type Detached Attached Condo 2,956 57% 1,887 37% 303 6% Total Units Sold by Type Current Month Detached Attached Condo 1,312 26% 2,097 41% 1,042 20% 377 7% 318 6% Total Units Sold by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 500 1,000 1,500 2,000 2,500 3,000 Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 33. ® The Long & Foster Market Conditions Report 33 Philadelphia Metropolitan Area - August 2013 39,601 38,902 37,704 35,913 31,944 32,511 33,367 34,631 35,776 36,274 35,689 35,098 34,360 34,127 33,005 31,373 27,580 28,050 28,600 29,173 30,511 31,178 30,756 30,442 29,876 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 Total Active Inventory 8,443 4,627 3,841 3,427 3,662 7,171 4,312 3,266 2,820 3,187 0 2,000 4,000 6,000 8,000 10,000 Philadelphia County Montgomery County Bucks County Chester County Delaware County Total Active Inventory Of TopFive Counties/CitiesBasedon Total UnitsSold One Year Ago Current Month -3% -5% -6% -7% -8% -7% -6% -7% -9% -11% -13% -14% -13% -12% -12% -13% -14% -14% -14% -16% -15% -14% -14% -13% -13% -25% -20% -15% -10% -5% 0% Total Active Inventory Percent Change Year/Year ● ● Versus last August, the total number of homes available was lower by 4,484 units or 13%. August's total active inventory of 29,876 units was 2% lower than the previous month's supply of inventory. Highlights
  • 34. ® The Long & Foster Market Conditions Report 34 Philadelphia Metropolitan Area - August 2013 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 Total Active Inventory by Type Detached Attached Condo 16,395 55% 11,702 39% 1,779 6% Total Active Inventory by Type Current Month Detached Attached Condo 9,946 33% 11,268 38% 4,053 14% 1,823 6% 2,786 9% Total Active Inventory by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 Total Active Inventory by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 35. ® The Long & Foster Market Conditions Report 35 Philadelphia Metropolitan Area - August 2013 94.7% 94.7% 94.3% 94.3% 94.7% 93.7% 94.1% 95.1% 95.3% 95.6% 95.7% 95.7% 95.2% 95.5% 95.4% 95.4% 95.3% 95.4% 95.1% 96.0% 96.1% 96.4% 96.5% 96.8% 96.6% 92.0% 92.5% 93.0% 93.5% 94.0% 94.5% 95.0% 95.5% 96.0% 96.5% 97.0% 97.5% Average Sale Price as a Percent of List Price 95.0% 95.3% 94.7% 95.5% 95.2% 95.9% 96.9% 96.6% 97.2% 96.7% 92.0% 94.0% 96.0% 98.0% 100.0% Philadelphia County Montgomery County Bucks County Chester County Delaware County Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month Days on Market Current Month One Year Ago 74 91 Down -19% Vs. Year Ago Avg Sale Price as % of List Price Current Month One Year Ago 96.6% 95.2% Up 1.5% Vs. Year Ago 84% 86% 88% 90% 92% 94% 96% 98% 100% Average Sale Price as a Percent of List Price by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 94 98 104 107 105 108 114 112 107 97 87 90 91 92 94 94 94 102101101 92 81 72 70 74 60 70 80 90 100 110 120 Days on Market
  • 36. ® The Long & Foster Market Conditions Report 36 Philadelphia Metropolitan Area - August 2013 $1,083,445 $808,601 $717,149 $729,329 $758,149 $603,589 $544,945 $785,807 $885,309 $1,094,579 $1,332,382 $1,164,562 $1,271,963 $943,120 $860,486 $1,001,923 $906,208 $675,359 $620,469 $892,600 $1,075,880 $1,378,612 $1,668,439 $1,566,641 $1,415,824 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 Total Dollar Volume Sold In Thousands Total Dollar Volume Sold Current Month One Year Ago $1,415,823,753 $1,271,963,118 Up 11% Vs. Year Ago Months of Supply Current Month One Year Ago 5.8 7.3 Down -21% Vs. Year Ago 9.9 11.8 12.6 11.9 10.0 13.0 13.7 10.3 10.0 8.5 7.4 8.2 7.3 9.2 9.5 7.8 7.7 9.7 10.4 8.0 7.1 6.1 5.4 5.5 5.8 0 2 4 6 8 10 12 14 16 Months of Supply Current Month's Active Inventory/Current Month's Unit Sales ● ● Total volume sold this August was 11% greater than the same month one year ago. In August, there was 5.8 months of supply available, compared to 7.3 in August 2012. That was a decrease of 21% versus a year ago. Highlights
  • 37. ® The Long & Foster Market Conditions Report 37 Philadelphia Metropolitan Area - August 2013 6,463 6,697 6,363 5,081 3,704 6,895 7,467 9,116 8,506 8,081 7,391 6,919 6,853 6,745 6,391 4,750 3,452 7,170 6,993 8,676 9,834 9,142 7,771 7,676 6,918 3,353 2,953 3,225 2,893 2,451 3,039 3,806 4,588 4,424 4,446 4,183 4,056 4,033 3,532 4,019 3,052 2,785 3,710 4,024 5,299 5,820 5,509 4,864 4,658 3,750 0 2,000 4,000 6,000 8,000 10,000 12,000 New Listings & New Contracts New Listings New Contracts (Under Active Contract Status) New Listings Current Month One Year Ago 6,918 6,853 Up 1% Vs. Year Ago New Contracts Current Month One Year Ago 3,750 4,033 Down -7% Vs. Year Ago 1.9 2.3 2.0 1.8 1.5 2.3 2.0 2.0 1.9 1.8 1.8 1.7 1.7 1.9 1.6 1.6 1.2 1.9 1.7 1.6 1.7 1.7 1.6 1.6 1.8 0.0 0.5 1.0 1.5 2.0 2.5 Supply/Demand Ratio Number of New Listings to New Contracts 1,898 962 785 677 724 1,738 1,091 817 701 652 0 500 1,000 1,500 2,000 Philadelphia County Montgomery County Bucks County Chester County Delaware County New Listings Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 922 702 517 500 408 907 612 477 422 401 0 500 1,000 1,500 Philadelphia County Montgomery County Bucks County Chester County Delaware County New Contracts Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.8, an increase of 9% from August 2012. Highlights
  • 38. ® The Long & Foster Market Conditions Report 38 The Triangle, NC Area - August 2013 ● ● The current median sale price was 2% higher than in July. This August, the median sale price was $213,000, an increase of 7% compared to last year. Highlights $192,100 $189,000 $189,700 $193,325 $194,500 $179,900 $182,000 $193,000 $196,000 $200,000 $205,000 $197,000 $199,000 $192,000 $192,500 $204,000 $197,000 $185,500 $187,000 $199,900 $198,000 $208,000 $208,000 $209,000 $213,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 Median Sales Price $217,500 $175,000 $153,950 $285,000 $255,000 $237,913 $174,750 $164,500 $291,000 $258,500 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 Wake County Durham County Johnston County Orange County Chatham County MedianSale Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month -4% -4% -5% -5% 2% -5% -1% 3% 3% 3% 3% 0% 4% 2% 1% 6% 1% 3% 3% 4% 1% 4% 1% 6% 7% -6% -4% -2% 0% 2% 4% 6% 8% Median Sale Price Percent Change Year/Year
  • 39. ® The Long & Foster Market Conditions Report 39 The Triangle, NC Area - August 2013 1,806 1,568 1,398 1,330 1,431 1,067 1,380 1,682 1,805 2,204 2,477 2,160 2,271 1,880 1,860 1,699 1,842 1,428 1,553 2,152 2,489 2,963 2,905 2,953 2,708 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Total Units Sold 1,355 317 190 121 67 1,608 388 221 183 80 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 Wake County Durham County Johnston County Orange County Chatham County Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● ● There was a decrease of 8% in total units sold in August compared to July. This month's total units sold was higher than at this time last year, an increase of 19% versus August 2012. Highlights 23% 13% 14% 7% 1% 4% 27% 12% 6% 27% 22% 26% 26% 20% 33% 28% 29% 34% 13% 28% 38% 34% 17% 37% 19% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% Total Units Sold Percent Change Year/Year
  • 40. ® The Long & Foster Market Conditions Report 40 The Triangle, NC Area - August 2013 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Total Units Sold by Type Detached Attached Condo 2,201 81% 367 14% 140 5% Total Units Sold by Type Current Month Detached Attached Condo 723 27% 1,238 46% 500 18% 144 5% 103 4% Total Units Sold by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 200 400 600 800 1,000 1,200 1,400 1,600 Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 41. ® The Long & Foster Market Conditions Report 41 The Triangle, NC Area - August 2013 18,263 17,482 16,815 16,198 14,208 14,293 14,516 15,058 15,306 15,337 15,104 14,850 14,696 14,247 13,873 13,261 11,243 11,081 11,081 10,937 10,716 10,626 10,555 10,249 9,941 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 Total Active Inventory 7,438 2,040 1,503 980 746 4,649 1,290 1,151 668 555 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Wake County Durham County Johnston County Orange County Chatham County Total Active Inventory Of TopFive Counties/CitiesBasedon Total UnitsSold One Year Ago Current Month -13% -16% -17% -18% -19% -20% -22% -24% -24% -22% -22% -21% -20% -19% -17% -18% -21% -22% -24% -27% -30% -31% -30% -31% -32% -40% -35% -30% -25% -20% -15% -10% -5% 0% Total Active Inventory Percent Change Year/Year ● ● Versus last August, the total number of homes available was lower by 4,755 units or 32%. August's total active inventory of 9,941 units was 3% lower than the previous month's supply of inventory. Highlights
  • 42. ® The Long & Foster Market Conditions Report 42 The Triangle, NC Area - August 2013 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 Total Active Inventory by Type Detached Attached Condo 8,521 86% 979 10% 441 4% Total Active Inventory by Type Current Month Detached Attached Condo 2,627 26% 4,041 41% 1,661 17% 749 7% 863 9% Total Active Inventory by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 Total Active Inventory by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 43. ® The Long & Foster Market Conditions Report 43 The Triangle, NC Area - August 2013 96.1% 95.9% 96.3% 96.2% 96.2% 96.3% 96.1% 96.7% 96.9% 97.0% 97.0% 97.2% 97.0% 96.8% 97.3% 97.2% 97.1% 96.8% 97.3% 97.6% 97.6% 97.9% 97.8% 97.8% 97.9% 94.5% 95.0% 95.5% 96.0% 96.5% 97.0% 97.5% 98.0% 98.5% Average Sale Price as a Percent of List Price 97.0% 97.2% 97.5% 96.6% 96.8% 98.3% 97.6% 97.8% 97.3% 96.6% 94.0% 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% Wake County Durham County Johnston County Orange County Chatham County Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month Days on Market Current Month One Year Ago 93 116 Down -20% Vs. Year Ago Avg Sale Price as % of List Price Current Month One Year Ago 97.9% 97.0% Up 1.0% Vs. Year Ago 90% 91% 92% 93% 94% 95% 96% 97% 98% 99% 100% Average Sale Price as a Percent of List Price by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 127 133 126 134 126 132 138 136 125 115 119120 116117 121 117116 119 121 112 109 100 94 94 93 80 90 100 110 120 130 140 150 Days on Market
  • 44. ® The Long & Foster Market Conditions Report 44 The Triangle, NC Area - August 2013 $426,964 $359,964 $312,073 $302,972 $331,096 $232,419 $295,248 $383,806 $417,622 $524,186 $615,271 $513,109 $548,227 $424,250 $428,300 $405,775 $437,300 $320,902 $338,021 $510,778 $595,059 $735,991 $732,397 $733,763 $677,014 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 Total Dollar Volume Sold In Thousands Total Dollar Volume Sold Current Month One Year Ago $677,013,658 $548,226,703 Up 23% Vs. Year Ago Months of Supply Current Month One Year Ago 3.7 6.5 Down -43% Vs. Year Ago 10.1 11.2 12.0 12.2 9.9 13.4 10.5 9.0 8.5 7.0 6.1 6.9 6.5 7.6 7.5 7.8 6.1 7.8 7.1 5.1 4.3 3.6 3.6 3.5 3.7 0 2 4 6 8 10 12 14 16 Months of Supply Current Month's Active Inventory/Current Month's Unit Sales ● ● Total volume sold this August was 23% greater than the same month one year ago. In August, there was 3.7 months of supply available, compared to 6.5 in August 2012. That was a decrease of 43% versus a year ago. Highlights
  • 45. ® The Long & Foster Market Conditions Report 45 The Triangle, NC Area - August 2013 2,711 2,539 2,417 2,082 1,621 2,883 2,981 3,946 3,482 3,348 3,143 2,951 3,005 2,654 2,767 2,053 1,650 2,904 3,299 3,996 4,147 3,904 3,581 3,230 3,398 1,614 1,386 1,395 1,263 1,181 1,613 1,773 2,234 2,207 2,426 2,161 2,072 1,963 1,702 1,867 1,522 1,423 1,960 2,250 2,829 3,064 3,039 2,769 2,501 2,576 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 New Listings & New Contracts New Listings New Contracts (Under Active Contract Status) New Listings Current Month One Year Ago 3,398 3,005 Up 13% Vs. Year Ago New Contracts Current Month One Year Ago 2,576 1,963 Up 31% Vs. Year Ago 1.7 1.8 1.7 1.6 1.4 1.8 1.7 1.8 1.6 1.4 1.5 1.4 1.5 1.6 1.5 1.3 1.2 1.5 1.5 1.4 1.4 1.3 1.3 1.3 1.3 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 Supply/Demand Ratio Number of New Listings to New Contracts 1,694 422 310 145 97 1,891 452 352 173 113 0 500 1,000 1,500 2,000 Wake County Durham County Johnston County Orange County Chatham County New Listings Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 1,155 278 176 105 50 1,514 361 259 127 77 0 500 1,000 1,500 2,000 2,500 Wake County Durham County Johnston County Orange County Chatham County New Contracts Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.3, a decrease of 14% from August 2012. Highlights
  • 46. ® The Long & Foster Market Conditions Report 46 Hampton Roads Area - August 2013 ● ● The current median sale price was 4% lower than in July. This August, the median sale price was $215,900, an increase of 2% compared to last year. Highlights $208,000 $197,495 $188,000 $191,700 $197,500 $171,600 $185,000 $194,900 $197,750 $205,000 $211,000 $210,000 $211,000 $205,250 $200,000 $205,000 $200,000 $192,765 $192,000 $199,900 $199,900 $209,450 $225,000 $225,000 $215,900 $0 $50,000 $100,000 $150,000 $200,000 $250,000 Median Sales Price $239,900 $235,000 $154,750 $153,250 $225,140 $240,000 $242,000 $160,000 $139,000 $237,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 Virginia Beach City Chesapeake City Norfolk City Hampton City Suffolk City Median Sale Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month -6% -9% -8% -11% -6% -8% -5% 5% -1% 8% 5% 6% 1% 4% 6% 7% 1% 12% 4% 3% 1% 2% 7% 7% 2% -25% -20% -15% -10% -5% 0% 5% 10% 15% Median Sale Price Percent Change Year/Year
  • 47. ® The Long & Foster Market Conditions Report 47 Hampton Roads Area - August 2013 1,595 1,473 1,379 1,282 1,467 1,093 1,284 1,556 1,600 1,751 1,965 1,833 1,915 1,474 1,486 1,493 1,449 1,255 1,358 1,622 1,794 2,058 2,059 2,108 2,016 0 500 1,000 1,500 2,000 2,500 Total Units Sold 555 341 216 146 109 603 339 268 142 129 0 100 200 300 400 500 600 700 Virginia Beach City Chesapeake City Norfolk City Hampton City Suffolk City Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● ● There was a decrease of 4% in total units sold in August compared to July. This month's total units sold was higher than at this time last year, an increase of 5% versus August 2012. Highlights 15% 20% 17% 10% 15% 10% 19% -1% 3% 0% 7% 16% 20% 0% 8% 16% -1% 15% 6% 4% 12% 18% 5% 15% 5% -10% 0% 10% 20% 30% Total Units Sold Percent Change Year/Year
  • 48. ® The Long & Foster Market Conditions Report 48 Hampton Roads Area - August 2013 0 500 1,000 1,500 2,000 2,500 Total Units Sold by Type Detached Attached 1,581 78% 435 22% Total Units Sold by Type Current Month Detached Attached 546 27% 953 47% 357 18% 96 5% 64 3% Total Units Sold by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 200 400 600 800 1,000 1,200 Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 49. ® The Long & Foster Market Conditions Report 49 Hampton Roads Area - August 2013 13,474 13,003 12,532 12,205 11,308 11,413 11,509 11,696 11,819 11,805 11,703 11,547 11,364 11,215 11,032 10,683 9,870 10,174 10,467 10,648 10,936 11,121 11,092 11,227 11,083 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 Total Active Inventory 2,527 1,629 1,399 875 822 2,535 1,490 1,478 851 831 0 500 1,000 1,500 2,000 2,500 3,000 Virginia Beach City Chesapeake City Norfolk City Hampton City Suffolk City Total Active Inventory Of TopFive Counties/CitiesBasedon Total UnitsSold One Year Ago Current Month -14% -16% -17% -17% -18% -18% -19% -18% -18% -18% -17% -18% -16% -14% -12% -12% -13% -11% -9% -9% -7% -6% -5% -3% -2% -25% -20% -15% -10% -5% 0% Total Active Inventory Percent Change Year/Year ● ● Versus August 2012, the total number of homes available was lower by 281 units or 2%. This month's supply of available inventory remained relatively stable compared to last month. Highlights
  • 50. ® The Long & Foster Market Conditions Report 50 Hampton Roads Area - August 2013 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 Total Active Inventory by Type Detached Attached 8,737 79% 2,346 21% Total Active Inventory by Type Current Month Detached Attached 2,888 26% 4,739 43% 1,893 17% 749 7% 814 7% Total Active Inventory by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 Total Active Inventory by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 51. ® The Long & Foster Market Conditions Report 51 Hampton Roads Area - August 2013 96.3% 96.2% 96.8% 96.3% 96.5% 96.2% 96.1% 96.3% 96.6% 96.7% 96.9% 97.3% 96.7% 96.9% 96.8% 97.1% 97.1% 96.7% 96.7% 96.7% 97.5% 97.9% 97.4% 97.6% 97.4% 95.0% 95.5% 96.0% 96.5% 97.0% 97.5% 98.0% Average Sale Price as a Percent of List Price 96.7% 97.8% 96.7% 96.6% 97.1% 96.9% 98.5% 97.8% 96.5% 98.5% 94.0% 95.0% 96.0% 97.0% 98.0% 99.0% 100.0% Virginia Beach City Chesapeake City Norfolk City Hampton City Suffolk City Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month Days on Market Current Month One Year Ago 84 91 Down -8% Vs. Year Ago Avg Sale Price as % of List Price Current Month One Year Ago 97.4% 96.7% Up 0.7% Vs. Year Ago 84% 86% 88% 90% 92% 94% 96% 98% 100% Average Sale Price as a Percent of List Price by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 95 98 105 104 106 110 107 108 104 96 91 89 91 95 96 96 94 97 101 96 90 94 82 83 84 80 85 90 95 100 105 110 115 Days on Market
  • 52. ® The Long & Foster Market Conditions Report 52 Hampton Roads Area - August 2013 $366,368 $326,010 $297,534 $284,571 $331,083 $214,720 $271,427 $341,028 $357,581 $414,678 $464,160 $423,371 $448,229 $340,493 $331,402 $346,175 $324,608 $269,970 $300,382 $378,805 $403,218 $488,941 $518,295 $532,770 $493,848 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Total Dollar Volume Sold In Thousands Total Dollar Volume Sold Current Month One Year Ago $493,847,638 $448,229,461 Up 10% Vs. Year Ago Months of Supply Current Month One Year Ago 5.5 5.9 Down -7% Vs. Year Ago 8.5 8.8 9.1 9.5 7.7 10.4 9.0 7.5 7.4 6.7 6.0 6.3 5.9 7.6 7.4 7.2 6.8 8.1 7.7 6.6 6.1 5.4 5.4 5.3 5.5 0 2 4 6 8 10 12 Months of Supply Current Month's Active Inventory/Current Month's Unit Sales ● ● Total volume sold this August was 10% greater than the same month one year ago. In August, there was 5.5 months of supply available, compared to 5.9 in August 2012. That was a decrease of 7% versus a year ago. Highlights
  • 53. ® The Long & Foster Market Conditions Report 53 Hampton Roads Area - August 2013 2,554 2,466 2,315 2,185 1,696 2,689 2,577 3,099 2,934 2,882 2,787 2,542 2,686 2,304 2,433 2,043 1,586 2,865 2,680 2,938 3,215 3,292 2,825 3,151 3,005 1,596 1,426 1,363 1,320 1,210 1,397 1,484 1,806 1,810 1,839 1,786 1,706 1,808 1,367 1,558 1,375 1,223 1,471 1,577 1,903 2,055 2,202 1,800 1,953 1,962 0 500 1,000 1,500 2,000 2,500 3,000 3,500 New Listings & New Contracts New Listings New Contracts (Under Active Contract Status) New Listings Current Month One Year Ago 3,005 2,686 Up 12% Vs. Year Ago New Contracts Current Month One Year Ago 1,962 1,808 Up 9% Vs. Year Ago 1.6 1.7 1.7 1.7 1.4 1.9 1.7 1.7 1.6 1.6 1.6 1.5 1.5 1.7 1.6 1.5 1.3 1.9 1.7 1.5 1.6 1.5 1.6 1.6 1.5 0.0 0.5 1.0 1.5 2.0 2.5 Supply/Demand Ratio Number of New Listings to New Contracts 712 458 335 189 204 817 497 437 228 186 0 200 400 600 800 1,000 Virginia Beach City Chesapeake City Norfolk City Hampton City Suffolk City New Listings Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 537 316 221 138 104 573 328 226 129 134 0 100 200 300 400 500 600 700 Virginia Beach City Chesapeake City Norfolk City Hampton City Suffolk City New Contracts Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.5, similar to the ratio from one year ago. Highlights
  • 54. ® The Long & Foster Market Conditions Report 54 Roanoke Metropolitan Area - August 2013 ● ● The current median sale price was 3% lower than in July. This August, the median sale price was $169,375, an increase of 10% compared to last year. Highlights $170,000 $137,000 $151,000 $154,414 $169,250 $125,000 $130,000 $139,575 $161,500 $156,000 $176,800 $161,250 $153,725 $150,000 $148,500 $155,000 $146,200 $140,000 $149,925 $155,000 $162,750 $165,000 $169,725 $174,250 $169,375 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $200,000 Median Sales Price $175,000 $103,000 $195,600 $187,475 $148,050 $182,000 $103,750 $230,000 $217,500 $144,075 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 Roanoke County Roanoke City Franklin County Botetourt County Salem County Median Sale Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month -6% -18% -6% -14% 0% -10% -8% 3% 10% 1% 19% 4% -10% 9% -2% 0% -14% 12% 15% 11% 1% 6% -4% 8% 10% -25% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% Median Sale Price Percent Change Year/Year
  • 55. ® The Long & Foster Market Conditions Report 55 Roanoke Metropolitan Area - August 2013 247 214 236 211 210 156 201 222 229 278 294 244 314 234 286 245 201 193 218 233 306 364 354 344 341 0 50 100 150 200 250 300 350 400 Total Units Sold 115 90 51 32 23 115 102 59 35 28 0 20 40 60 80 100 120 140 Roanoke County Roanoke City Franklin County Botetourt County Salem County Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● ● This month's total units sold was higher than at this time last year, an increase of 9% versus August 2013. The number of units sold remained relatively stable in August, with 341 sold this month. Highlights 21% 5% 24% 15% 9% 9% 19% 12% -2% 4% -1% -8% 27% 9% 21% 16% -4% 24% 8% 5% 34% 31% 20% 41% 9% -20% -10% 0% 10% 20% 30% 40% 50% Total Units Sold Percent Change Year/Year
  • 56. ® The Long & Foster Market Conditions Report 56 Roanoke Metropolitan Area - August 2013 0 50 100 150 200 250 300 350 400 Total Units Sold by Type Detached Condo 296 87% 45 13% Total Units Sold by Type Current Month Detached Condo 140 41% 134 39% 33 10% 17 5% 17 5% Total Units Sold by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 20 40 60 80 100 120 140 160 Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 57. ® The Long & Foster Market Conditions Report 57 Roanoke Metropolitan Area - August 2013 3,285 3,150 3,011 2,804 2,515 2,551 2,636 2,776 2,909 2,948 2,962 2,938 2,907 2,816 2,715 2,573 2,333 2,330 2,371 2,476 2,601 2,755 2,790 2,730 2,671 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Total Active Inventory 799 833 761 304 178 680 754 741 297 165 0 200 400 600 800 1,000 Roanoke County Roanoke City Franklin County Botetourt County Salem County Total Active Inventory Of TopFive Counties/CitiesBasedon Total UnitsSold One Year Ago Current Month -13% -14% -13% -14% -15% -12% -10% -12% -10% -11% -12% -13% -12% -11% -10% -8% -7% -9% -10% -11% -11% -7% -6% -7% -8% -17% -15% -13% -11% -9% -7% -5% -3% -1% 1% Total Active Inventory Percent Change Year/Year ● ● Versus last August, the total number of homes available was lower by 236 units or 8%. August's total active inventory of 2,671 units was 2% lower than the previous month's supply of inventory. Highlights
  • 58. ® The Long & Foster Market Conditions Report 58 Roanoke Metropolitan Area - August 2013 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Total Active Inventory by Type Detached Condo 2,374 89% 297 11% Total Active Inventory by Type Current Month Detached Condo 951 36% 1,000 37% 333 13% 167 6% 220 8% Total Active Inventory by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Total Active Inventory by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 59. ® The Long & Foster Market Conditions Report 59 Roanoke Metropolitan Area - August 2013 94.4% 94.6% 93.4% 94.1% 94.2% 92.9% 94.2% 94.2% 94.8% 94.7% 95.1% 95.6% 94.8% 94.5% 94.6% 94.6% 94.3% 94.3% 94.1% 95.3% 96.0% 95.7% 95.7% 96.4% 95.1% 91.0% 92.0% 93.0% 94.0% 95.0% 96.0% 97.0% Average Sale Price as a Percent of List Price 95.8% 94.4% 93.4% 95.8% 94.1% 96.4% 93.1% 94.4% 96.8% 95.3% 88.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% Roanoke County Roanoke City Franklin County Botetourt County Salem County Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month Days on Market Current Month One Year Ago 96 111 Down -14% Vs. Year Ago Avg Sale Price as % of List Price Current Month One Year Ago 95.1% 94.8% Up 0.2% Vs. Year Ago 75% 80% 85% 90% 95% 100% Average Sale Price as a Percent of List Price by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 108 105 116 121 128 114 100 120 117 123 114 108 111 108 118117 99 114 126126 107109 99 103 96 50 60 70 80 90 100 110 120 130 140 Days on Market
  • 60. ® The Long & Foster Market Conditions Report 60 Roanoke Metropolitan Area - August 2013 $48,790 $34,919 $43,241 $40,418 $41,042 $23,365 $30,657 $36,816 $40,920 $50,130 $63,241 $46,662 $62,355 $47,563 $52,580 $47,079 $36,306 $31,375 $38,645 $40,380 $56,285 $74,476 $77,959 $73,850 $77,894 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 Total Dollar Volume Sold In Thousands Total Dollar Volume Sold Current Month One Year Ago $77,894,113 $62,355,381 Up 25% Vs. Year Ago Months of Supply Current Month One Year Ago 7.8 9.3 Down -15% Vs. Year Ago 13.3 14.7 12.8 13.3 12.0 16.4 13.1 12.5 12.7 10.6 10.1 12.0 9.3 12.0 9.5 10.5 11.6 12.1 10.9 10.6 8.5 7.6 7.9 7.9 7.8 0 2 4 6 8 10 12 14 16 18 Months of Supply Current Month's Active Inventory/Current Month's Unit Sales ● ● Total volume sold this August was 25% greater than the same month one year ago. In August, there was 7.8 months of supply available, compared to 9.3 in August 2012. That was a decrease of 15% versus a year ago. Highlights
  • 61. ® The Long & Foster Market Conditions Report 61 Roanoke Metropolitan Area - August 2013 544 518 448 381 335 551 495 664 662 551 532 520 526 475 464 369 294 494 519 692 723 697 538 568 576 253 229 210 202 168 228 204 280 294 295 253 279 282 249 237 201 172 253 253 337 389 342 300 346 326 0 100 200 300 400 500 600 700 800 New Listings & New Contracts New Listings New Contracts (Under Active Contract Status) New Listings Current Month One Year Ago 576 526 Up 10% Vs. Year Ago New Contracts Current Month One Year Ago 326 282 Up 16% Vs. Year Ago 2.2 2.3 2.1 1.9 2.0 2.4 2.4 2.4 2.3 1.9 2.1 1.9 1.9 1.9 2.0 1.8 1.7 2.0 2.1 2.1 1.9 2.0 1.8 1.6 1.8 0.0 0.5 1.0 1.5 2.0 2.5 3.0 Supply/Demand Ratio Number of New Listings to New Contracts 160 168 87 62 41 174 159 115 79 44 0 50 100 150 200 Roanoke County Roanoke City Franklin County Botetourt County Salem County New Listings Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 92 86 47 33 20 112 95 57 33 23 0 50 100 150 Roanoke County Roanoke City Franklin County Botetourt County Salem County New Contracts Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.8, a decrease of 5% from August 2012. Highlights
  • 62. ® The Long & Foster Market Conditions Report 62 Wilmington, DE Area - August 2013 $195,950 $190,000 $177,250 $182,500 $175,000 $168,000 $163,000 $175,000 $179,900 $180,000 $191,500 $190,000 $186,600 $189,900 $187,750 $185,000 $184,500 $180,000 $162,000 $180,000 $185,000 $190,500 $214,500 $210,000 $200,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 Median Sales Price $189,000 $180,000 $199,900 $167,250 $198,500 $208,500 $184,000 $190,000 $145,000 $285,000 $0 $100,000 $200,000 $300,000 New Castle County Kent County, DE Cecil County Salem County Kent County, MD Median Sale Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month -5% -5% -14% -10% -12% -14% -8% -3% -4% -5% -3% -5% -5% 0% 6% 1% 5% 7% -1% 3% 3% 6% 12% 11% 7% -20% -15% -10% -5% 0% 5% 10% 15% Median Sale Price Percent Change Year/Year ● ● Highlights This August, the median sale price was $200,000, an increase of 7% compared to last year. The current median sale price was 5% lower than in July.
  • 63. ® The Long & Foster Market Conditions Report 63 Wilmington, DE Area - August 2013 668 613 582 589 675 479 481 699 649 745 821 742 780 656 656 684 590 533 471 660 682 790 817 889 822 0 100 200 300 400 500 600 700 800 900 1,000 Total Units Sold 497 143 72 48 20 532 137 89 43 21 0 100 200 300 400 500 600 New Castle County Kent County, DE Cecil County Salem County Kent County, MD Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 23% 31% 20% 22% 21% 25% 27% 35% 2% 16% 21% 16% 17% 7% 13% 16% -13% 11% -2% -6% 5% 6% 0% 20% 5% -35% -25% -15% -5% 5% 15% 25% 35% 45% Total Units Sold Percent Change Year/Year ● ● Highlights This month's total units sold was higher than at this time last year, an increase of 5% versus August 2012. There was a decrease of 8% in total units sold in August compared to July.
  • 64. ® The Long & Foster Market Conditions Report 64 Wilmington, DE Area - August 2013 0 100 200 300 400 500 600 700 800 900 1,000 Total Units Sold by Type Detached Attached Condo 631 77% 168 20% 23 3% Total Units Sold by Type Current Month Detached Attached Condo 258 31% 379 46% 146 18% 20 3% 19 2% Total Units Sold by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 50 100 150 200 250 300 350 400 450 500 Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 65. ® The Long & Foster Market Conditions Report 65 Wilmington, DE Area - August 2013 7,173 7,019 6,813 6,590 6,144 6,125 6,052 6,104 6,314 6,285 6,192 6,043 5,860 5,805 5,678 5,428 5,020 5,020 5,041 5,130 5,490 5,689 5,639 5,608 5,473 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Total Active Inventory 2,661 1,318 806 685 390 2,376 1,183 867 653 394 0 500 1,000 1,500 2,000 2,500 3,000 New Castle County Kent County, DE Cecil County Salem County Kent County, MD Total Active Inventory Of TopFive Counties/CitiesBasedon Total UnitsSold One Year Ago Current Month -7% -10% -11% -12% -12% -11% -12% -13% -13% -15% -16% -18% -18% -17% -17% -18% -18% -18% -17% -16% -13% -9% -9% -7% -7% -30% -25% -20% -15% -10% -5% 0% Total Active Inventory Percent Change Year/Year ● ● Highlights August's total active inventory of 5,473 units was 2% lower than the previous month's supply of inventory. Versus last August, the total number of homes available was lower by 387 units or 7%.
  • 66. ® The Long & Foster Market Conditions Report 66 Wilmington, DE Area - August 2013 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Total Active Inventory by Type Detached Attached Condo 4,252 78% 1,033 19% 188 3% Total Active Inventory by Type Current Month Detached Attached Condo 1,490 27% 2,607 48% 831 15% 241 4% 304 6% Total Active Inventory by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 Total Active Inventory by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 67. ® The Long & Foster Market Conditions Report 67 Wilmington, DE Area - August 2013 95.0% 95.7% 94.8% 95.2% 94.9% 95.1% 95.2% 94.4% 95.8% 95.6% 96.2% 95.7% 95.5% 96.0% 96.2% 96.3% 96.4% 96.3% 96.0% 96.0% 96.7% 96.6% 96.9% 96.9% 97.1% 92.5% 93.0% 93.5% 94.0% 94.5% 95.0% 95.5% 96.0% 96.5% 97.0% 97.5% Average Sale Price as a Percent of List Price 96.3% 96.2% 95.0% 94.6% 81.2% 97.5% 97.5% 96.9% 94.2% 93.0% 75.0% 80.0% 85.0% 90.0% 95.0% 100.0% New Castle County Kent County, DE Cecil County Salem County Kent County, MD Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month Days on Market Current Month One Year Ago 89 94 Down -5% Vs. Year Ago Avg Sale Price as % of List Price Current Month One Year Ago 97.1% 95.5% Up 1.7% Vs. Year Ago 75% 80% 85% 90% 95% 100% 105% Average Sale Price as a Percent of List Price by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 104 111 108 106106106 107 102102 100 89 95 94 96 97 89 93 92 92 93 94 88 79 77 89 75 80 85 90 95 100 105 110 115 Days on Market
  • 68. ® The Long & Foster Market Conditions Report 68 Wilmington, DE Area - August 2013 $147,356 $123,018 $121,008 $115,472 $131,708 $88,732 $87,432 $140,730 $125,873 $151,233 $177,708 $162,710 $166,912 $140,908 $132,243 $149,894 $119,599 $109,397 $83,906 $132,752 $141,819 $173,514 $189,706 $198,643 $185,095 $0 $50,000 $100,000 $150,000 $200,000 $250,000 Total Dollar Volume Sold In Thousands Total Dollar Volume Sold Current Month One Year Ago $185,095,204 $166,911,715 Up 11% Vs. Year Ago Months of Supply Current Month One Year Ago 6.7 7.5 Down -11% Vs. Year Ago 10.7 11.5 11.7 11.2 9.1 12.8 12.6 8.7 9.7 8.4 7.5 8.1 7.5 8.9 8.7 7.9 8.5 9.4 10.7 7.8 8.1 7.2 6.9 6.3 6.7 0 2 4 6 8 10 12 14 Months of Supply Current Month's Active Inventory/Current Month's Unit Sales ● ● Highlights Total volume sold this August was 11% greater than the same month one year ago. In August, there was 6.7 months of supply available, compared to 7.5 in August 2012. That was a decrease of 11% versus a year ago.
  • 69. ® The Long & Foster Market Conditions Report 69 Wilmington, DE Area - August 2013 1,223 1,140 1,108 1,015 817 1,270 1,090 1,366 1,391 1,284 1,270 1,071 1,124 1,111 1,079 879 679 1,119 1,127 1,303 1,639 1,457 1,287 1,337 1,240 669 594 607 561 479 626 646 837 778 806 741 697 719 635 638 593 475 624 663 751 853 844 800 795 737 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 New Listings & New Contracts New Listings New Contracts (Under Active Contract Status) New Listings Current Month One Year Ago 1,240 1,124 Up 10% Vs. Year Ago New Contracts Current Month One Year Ago 737 719 Up 3% Vs. Year Ago 1.8 1.9 1.8 1.8 1.7 2.0 1.7 1.6 1.8 1.6 1.7 1.5 1.6 1.7 1.7 1.5 1.4 1.8 1.7 1.7 1.9 1.7 1.6 1.7 1.7 0.0 0.5 1.0 1.5 2.0 2.5 Supply/Demand Ratio Number of New Listings to New Contracts 616 214 171 75 48 670 271 160 95 44 0 200 400 600 800 New Castle County Kent County, DE Cecil County Salem County Kent County, MD New Listings Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 463 113 86 34 23 458 140 87 33 19 0 100 200 300 400 500 New Castle County Kent County, DE Cecil County Salem County Kent County, MD New Contracts Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● Highlights Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.7, an increase of 8% from August 2012.
  • 70. ® The Long & Foster Market Conditions Report 70 Eastern Shore MD/DE Area - August 2013 $245,000 $225,000 $136,500 $315,000 $279,000 $255,000 $242,500 $147,000 $305,339 $310,000 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 Sussex County Worcester County Wicomico County Queen Annes County Talbot County Median Sale Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month -9% -12% -14% -6% -9% -2% -3% 6% 11% 2% -2% -3% 4% 6% 17% 8% 14% 7% -4% -1% -3% 4% 4% 5% 6% -20% -15% -10% -5% 0% 5% 10% 15% 20% Median Sale Price Percent Change Year/Year $211,000 $215,000 $201,000 $212,000 $212,500 $195,375 $209,900 $217,700 $232,500 $229,900 $221,000 $219,400 $220,000 $227,000 $235,000 $229,900 $242,500 $209,950 $202,450 $214,450 $225,000 $240,000 $230,000 $230,000 $233,700 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 Median Sales Price ● ● Highlights This August, the median sale price was $233,700, an increase of 6% compared to last year. The current median sale price was 2% higher than in July.
  • 71. ® The Long & Foster Market Conditions Report 71 Eastern Shore MD/DE Area - August 2013 301 132 66 50 39 320 150 72 60 41 0 50 100 150 200 250 300 350 Sussex County Worcester County Wicomico County Queen Annes County Talbot County Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 4% -2% -4% 8% -9% 14% 42% 10% -3% 23% 7% 14% 24% 30% 12% 35% 11% 0% -4% 10% 16% 21% 9% 24% 12% -20% -10% 0% 10% 20% 30% 40% 50% Total Units Sold Percent Change Year/Year 528 493 491 477 516 379 439 536 565 693 675 590 655 639 549 643 575 378 422 592 656 840 739 731 732 0 100 200 300 400 500 600 700 800 900 Total Units Sold ● ● Highlights The number of units sold remained relatively stable in August, with 732 sold this month. This month's total units sold was higher than at this time last year, an increase of 12% versus August 2013.
  • 72. ® The Long & Foster Market Conditions Report 72 Eastern Shore MD/DE Area - August 2013 0 50 100 150 200 250 300 350 400 450 Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 0 100 200 300 400 500 600 700 800 900 Total Units Sold by Type Detached Attached Condo 530 72% 107 15% 95 13% Total Units Sold by Type Current Month Detached Attached Condo 168 23% 306 42% 141 19% 53 7% 64 9% Total Units Sold by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 73. ® The Long & Foster Market Conditions Report 73 Eastern Shore MD/DE Area - August 2013 3,894 1,693 640 582 573 3,532 1,621 562 615 634 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Sussex County Worcester County Wicomico County Queen Annes County Talbot County Total Active Inventory Of TopFive Counties/CitiesBasedon Total UnitsSold One Year Ago Current Month -8% -8% -8% -8% -8% -8% -10% -11% -12% -14% -14% -17% -17% -17% -18% -18% -17% -16% -15% -13% -11% -8% -7% -6% -5% -25% -20% -15% -10% -5% 0% Total Active Inventory Percent Change Year/Year 10,556 10,448 10,152 9,851 9,332 9,245 9,338 9,456 9,568 9,455 9,190 8,860 8,727 8,630 8,372 8,124 7,702 7,789 7,919 8,215 8,530 8,668 8,503 8,326 8,302 0 2,000 4,000 6,000 8,000 10,000 12,000 Total Active Inventory ● ● Highlights This month's supply of available inventory remained relatively stable compared to last month. Versus August 2012, the total number of homes available was lower by 425 units or 5%.
  • 74. ® The Long & Foster Market Conditions Report 74 Eastern Shore MD/DE Area - August 2013 1,358 16% 3,268 40% 1,590 19% 769 9% 1,317 16% Total Active Inventory by Price Range Current Month < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 6,232 75% 1,210 15% 860 10% Total Active Inventory by Type Current Month Detached Attached Condo 0 2,000 4,000 6,000 8,000 10,000 12,000 Total Active Inventory by Type Detached Attached Condo 0 2,000 4,000 6,000 8,000 10,000 12,000 Total Active Inventory by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
  • 75. ® The Long & Foster Market Conditions Report 75 Eastern Shore MD/DE Area - August 2013 177 200 179 190 223 201 213 201 222 199 184 210 192 180 190190 185182 191 183 176 186 161164 160 100 120 140 160 180 200 220 240 Days on Market 80% 82% 84% 86% 88% 90% 92% 94% 96% 98% 100% Average Sale Price as a Percent of List Price by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 94.9% 93.5% 93.1% 94.3% 83.0% 96.4% 93.7% 96.1% 96.3% 91.7% 75.0% 80.0% 85.0% 90.0% 95.0% 100.0% Sussex County Worcester County Wicomico County Queen Annes County Talbot County Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month Avg Sale Price as % of List Price Current Month One Year Ago 95.1% 92.6% Up 2.6% Vs. Year Ago Days on Market Current Month One Year Ago 160 192 Down -17% Vs. Year Ago 93.0% 93.5% 92.8% 91.1% 91.1% 90.9% 90.6% 93.8% 89.6% 92.4% 91.2% 94.0% 92.6% 92.9% 94.1% 93.0% 93.0% 94.5% 94.2% 94.4% 95.3% 94.8% 95.2% 94.5% 95.1% 86.0% 87.0% 88.0% 89.0% 90.0% 91.0% 92.0% 93.0% 94.0% 95.0% 96.0% Average Sale Price as a Percent of List Price
  • 76. ® The Long & Foster Market Conditions Report 76 Eastern Shore MD/DE Area - August 2013 ● ● Highlights Total volume sold this August was 16% greater than the same month one year ago. In August, there was 11.3 months of supply available, compared to 13.3 in August 2012. That was a decrease of 15% versus a year ago. Months of Supply Current Month One Year Ago 11.3 13.3 Down -15% Vs. Year Ago Total Dollar Volume Sold Current Month One Year Ago $225,436,408 $195,118,712 Up 16% Vs. Year Ago $146,632 $142,460 $138,649 $135,125 $151,722 $101,073 $114,372 $142,829 $180,334 $214,501 $196,182 $156,736 $195,119 $196,911 $169,051 $192,588 $194,795 $94,819 $110,605 $168,963 $186,199 $263,436 $203,737 $226,760 $225,436 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 Total Dollar Volume Sold In Thousands 20.0 21.2 20.7 20.7 18.1 24.4 21.3 17.6 16.9 13.6 13.6 15.0 13.3 13.5 15.3 12.6 13.4 20.6 18.8 13.9 13.0 10.3 11.5 11.4 11.3 0 5 10 15 20 25 30 Months of Supply Current Month's Active Inventory/Current Month's Unit Sales
  • 77. ® The Long & Foster Market Conditions Report 77 Eastern Shore MD/DE Area - August 2013517 466 531 440 415 481 544 639 698 670 617 709 682 589 572 496 371 551 587 720 751 796 710 812 801 1,015 1,047 967 768 649 995 1,119 1,336 1,379 1,215 1,054 1,020 1,204 1,028 940 808 607 1,159 1,092 1,419 1,491 1,442 1,118 1,236 1,357 0 200 400 600 800 1,000 1,200 1,400 1,600 New Listings & New Contracts New Contracts (Under Active Contract Status) New Listings 2.0 2.2 1.8 1.7 1.6 2.1 2.1 2.1 2.0 1.8 1.7 1.4 1.8 1.7 1.6 1.6 1.6 2.1 1.9 2.0 2.0 1.8 1.6 1.5 1.7 0.0 0.5 1.0 1.5 2.0 2.5 Supply/Demand Ratio Number of New Listings to New Contracts 535 210 104 103 77 517 294 128 123 90 0 100 200 300 400 500 600 Sussex County Worcester County Wicomico County Queen Annes County Talbot County New Listings Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month 314 137 58 54 41 314 156 70 83 69 0 50 100 150 200 250 300 350 Sussex County Worcester County Wicomico County Queen Annes County Talbot County New Contracts Of Top Five Counties/Cities Based on Total Units Sold One Year Ago Current Month ● Highlights Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.7, similar to the ratio from one year ago. New Listings Current Month One Year Ago 1,357 1,204 Up 13% Vs. Year Ago New Contracts Current Month One Year Ago 801 682 Up 17% Vs. Year Ago
  • 78. ® The Long & Foster Market Conditions Report 78 References & Definitions WASHINGTON D.C. METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: District of Columbia; Arlington, Clarke, Fairfax, Fauquier, Loudoun, Prince William, Spotsylvania, Stafford, Warren Counties and Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, Manassas Park Cities in Virginia; Calvert, Charles, Prince George’s, Frederick, Montgomery Counties in Maryland; Jefferson County in West Virginia. BALTIMORE METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Anne Arundel, Baltimore, Carroll, Harford, Howard, and Queen Anne’s Counties and Baltimore City in Maryland. RICHMOND METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Data for all counties except for Caroline County (Virginia) is supplied by Central Virginia Regional MLS and its member Association(s) of REALTORS, who are not responsible for its accu- racy. Data for Caroline County data based on Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, King and Queen, King William, Louisa, New Kent, Powhatan, Prince George, and Sussex Counties and Colonial Heights, Hopewell, Petersburg, and Richmond Cities in Virginia. PHILADELPHIA METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by TREND MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania and Gloucester, Camden, Burlington, and Mercer in New Jersey. THE TRIANGLE NORTH CAROLINA AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by the Triangle MLS and its and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties include in this area are: Alamance, Chatham, Durham, Franklin, Granville, Harnett, Johnston, Orange, and Wake in North Carolina. Analysis dates for all regions: August 1, 2011 through August 31, 2013.
  • 79. ® The Long & Foster Market Conditions Report 79 References & Definitions HAMPTON ROADS AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Data for all counties except for Gloucester and Mathews Counties in Virginia is supplied by Real Estate Information Network MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Data for Gloucester and Mathews Counties is supplied by Chesapeake Bay & Rivers MLS and its member Association(s) of REALTORS, who are not re- sponsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Gloucester, Isle of Wight, James City, Mathews, Surry, and York Counties and Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, and Williamsburg Cites in Virginia; Currituck County in North Carolina. ROANOKE METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by Roanoke Valley Multiple Listing Service and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Botetourt, Craig, Franklin, and Roanoke Counties and Roanoke and Salem Cities in Virginia. WILMINGTON, DE AREA: LISTING SOURCE, REPORTING AREA & DEFINITION Data for Kent and New Castle Counties in Delaware and Salem County in New Jersey supplied by TREND MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Data for Cecil and Kent Counties in Maryland is supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & Cities included in this area are: Kent and New Castle Counties in Delaware, Cecil and Kent Counties in Maryland, and Salem County in New Jersey. EASTERN SHORE MD/DE AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Data for Caroline, Dorchester, Kent, Queen Anne’s, and Talbot, Counties in Maryland is supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS. Data for Sussex County, Delaware is supplied by SCAOR and its member Association(s) of REALTORS. Data for Somerset, Wicomico, and Worcester Counties in Maryland is supplied by Coastal MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities include in this area are: Caroline, Dorchester, Kent, Queen Anne’s, Somerset, Talbot, Wicomico, and Worcester Counties In Maryland and Sussex County in Delaware. Units defined as “Condo” in MRIS have been labeled as “Attached” to allow for data from MRIS & Coastal MLS to be combined. Analysis dates for all regions: August 1, 2011 through August 31, 2013.
  • 80. ® The Long & Foster Market Conditions Report 80 Contacts & Disclaimers MEDIA CONTACT Vicki Bendure, Bendure Communications Email: Vicki@bendurepr.com Phone: (540) 687-3360 CREATED BY Michael Bystry, Long & Foster Real Estate, Inc. Senior Market Research Analyst Elizabeth Nourse, Long & Foster Real Estate, Inc. Director of Marketing DISCLAIMER Information contained in this report is based on data provided by the local area Multiple Listing Service and its member Association(s) of REAL- TORS®. No representation, expressed or implied should be taken from information herein. Neither these organizations nor Long & Foster Real Es- tate, Inc. guarantee or are in any way responsible for the accuracy of these results, which do not reflect all activity in the marketplace. “Detached”, “Attached”, and “Condo” varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster’s knowledgeable and experienced sales associates. Information contained in this report is not limited to transactions done by Long & Foster Real Estate, Inc. The data reported is solely for residential real estate transactions. Information contained in this report is deemed reliable but not guaranteed, should be independently verified and does not constitute an opinion of Long & Foster Real Estate, Inc. Material appearing in this report may be reproduced or copied without permission. Please use the following acknowledgement for citation: Source: Long & Foster Real Estate, Inc. and also cite the appropriate MLS. Analysis dates for all regions: August 1, 2011 through August 31, 2013.