BJ Winar, Realtor

Take a look at the newly listed homes at McEnearney Associates! To view the full list, please visit http://ow.ly/NOvH50GyBpV.

For the week of November 14 - 20, 2021 total new contract activity rose just 1.9% compared to the same seven-day period last year, and three of the six jurisdictions we track posted increases. But that modest performance still represents the fourth consecutive weekly increase. And the market continues to outperform the equivalent, pre-COVID 2019 market, with 20% more new contracts last week compared to the same week two years ago.

On November 14 - 20, in 2019, there were 1,289 contracts and the average days on market was 45.4. In 2020, there were 1,514 contracts and 27.9 days on market. In 2021, there were 1,543 contracts and 28.2 days on market.

The three areas with an increase in the number of newly ratified contracts were Northern Virginia – up 13.5%, Prince George’s County – up 12.9%, and Montgomery County – up just 1.4%. The three areas with fewer contracts were Loudoun County – down 23.6%, Washington, DC – down 7.2%, and Prince William County – down 6.0%.

The average days on market (28.2 days) was very close to last year’s mark (27.4 days) and more than two weeks faster than 2019 (45.2 days).

One quick note about a year-to-date trend: through almost eleven months of 2021, the number of homes going under contract priced $750,000 and higher is up 34% compared to the same time last year, while homes priced under $750,000 are up just 8%.

Take a look at this weekend's open house guide! For more information on these homes visit mcenearney.com/open-houses-new.

We profile the most important market indicators every month - contract activity, interest rates, inventory, affordability, and direction of the market - in an easy to read and digest summary. It’s not just the numbers; it provides context to understand why the numbers are important and what they mean for the future of the market. mcenearney.com/market-in-a-minute |

For the week of November 7 - 13, 2021 total new contract activity rose 12.7% compared to the same seven-day period last year, and five of the six jurisdictions we track posted increases. That’s the biggest weekly increase since late spring, and is the third consecutive week with an overall increase. Last week’s performance was also 35.8% better than the same week of 2019.

On November 7 - 13, in 2019, there were 1,260 contracts and the average days on market was 42.3. In 2020, there were 1,518 contracts and 23.4 days on market. In 2021, there were 1,711 contracts and 31.1 days on market.

Loudoun County was the only area with lower contract activity, down 9.9%. Prince George’s County – which was the only area with lower contract activity in our report last week - saw a 31% increase, followed by Washington, DC’s 26.1% increase. Northern Virginia was next with a 14.8% increase, Prince William was up 5.5% and Montgomery Rose rose a scant 1.0%.

The average days on market isn’t quite keeping pace with last year’s pace (23.4 days), but at 31.1 days it was still 11 days faster than 2019.

Have a great week!

Honoring all soldiers, airmen, sailors, and marines who have served and sacrificed for our country. Thank you for all you do.

For the week of October 31 – November 6, 2021 total new contract activity rose 9.5% compared to the same seven-day period last year, and five of the six jurisdictions we track posted increases. This is the second consecutive week with an overall increase, a nice turnaround from the last two months. Last week’s performance was also 36.2% better than the same week of 2019.

On October 31 - November 6, in 2019, there were 1,199 contracts and the average days on market was 36.1. In 2020, there were 1,491 contracts and 26.8 days on market. In 2021, there were 1,633 contracts and 30.7 days on market.

Prince George’s County was the only area with lower contract activity, down just 1.6%. Washington, DC had the best week – up 22.5%. Prince William County was up 17.5%, Northern Virginia rose 9.9%, Montgomery County was up 9.3% and Loudoun County was up 2.3%.

The average days on market isn’t quite keeping pace with last year’s pace (26.8 days), but at 30.7 days it was still a week faster than 2019.

Have a great week!

Daylight Saving Time ends tomorrow! Don't forget to set your clocks back one hour. ⏰

Wishing you a Happy Diwali!

Check out these events happening in the DMV area this month!

Top November Events Around the DMV - McEnearney Associates From holiday crafts to oysters to whisky and spirits - there are plenty of festivals to check out in our November events, plus the latest museum exhibits.

Today is Election Day! Don't forget to exercise your right to vote.

For the week of October 24 - 30, 2021 total new contract activity rose 3.3% compared to the same seven-day period last year, and that’s the first gain we’ve seen in two months. Last week’s performance was also 38.7% better than the same week of 2019.

On October 24 - 30, in 2019, there were 1,246 contracts and the average days on market was 38.3. In 2020, there were 1,673 contracts and 21.4 days on market. In 2021, there were 1,728 contracts and 29.3 days on market.

Only one of the six jurisdictions we track had a drop in the number of newly ratified contracts – Loudoun was off just 2%. Montgomery County had exactly the same number of contracts – 337 – as last year, and Prince George’s County was almost unchanged with just one more contract than last year. What is particularly encouraging is Washington, DC’s 2.2% increase, the first weekly increase since June. Northern Virginia was up 6.3% and Prince William County had the best week with a 10.7% rise.

Once again, the average number of days homes were on the market before getting a contract was higher last week than the same week last year – it was 29.3 days last week and 21.4 days last year. However, this same seven-day period in 2019 had an average days on market of 38.3, so this market continues to outperform the pre-COVID days of 2019.

Have a great week!

Happy Halloween!

As we roll into fall 2021, the US mortgage industry will see some changes, some more attractive to consumers and some not as much. Brian Bonnet of The Bonnet Meushaw Group at Atlantic Coast Mortgage these changes and the impact they may have on consumers.

What’s the status of the mortgage industry this fall? - McEnearney Associates As we roll into fall 2021, the US mortgage industry will see some changes, some more attractive to consumers and some not as much. Recent positive changes include a reduction in the spread between rates for owner occupied properties and those for second homes and investment properties. Several month...

Take a look at the newly listed homes at McEnearney Associates! To view the full list, please visit http://ow.ly/FmqY50GyBq4.

Contract activity in the metro area continues to lag behind that of this time last year – but is pacing well ahead of the pre-COVID market in 2019.

For the week of October 17 - 23, 2021 total new contract activity fell 1.8% compared to the same seven-day period last year. But last week’s performance was 39% better than the same week of 2019.

As was the case in our report last week, three jurisdictions posted gains while three had fewer contracts. Prince William County had the best week with a 12.7% increase in the number of newly ratified contracts, followed by Northern Virginia’s 5.1% increase and Prince George’s County’s 2.3% rise. Loudoun County was off 16.7%, Montgomery County was down 10.8% and Washington, DC was off 10.5%.

The average number of days homes were on the market before getting a contract was a little higher last week than the same week last year – it was 28.5 days last week and 22.8 days last year. However, this same seven-day period in 2019 had an average days on market of 38.2, so this market continues to outperform the pre-COVID days of 2019.

Have a great week!

Take a look at the newly listed homes at McEnearney Associates! To view the full list, please visit mcenearney.com/new-real-estate-listings.

For the week of October 10 - 16, 2021 total new contract activity rose 3.2% compared to the same seven-day period last year. And last week’s performance was 32% better than the same week of 2019.

On October 10 - 16, in 2019, there were 1,305 contracts and the average days on market was 35.4. In 2020, there were 1,669 contracts and 23.8 days on market. In 2021, there were 1,723 contracts and 28.6 days on market.

Three jurisdictions posted gains while three had fewer contracts. Prince William County had the best week with a 10.4% increase in the number of newly ratified contracts, followed by Northern Virginia’s 6.4% increase and Montgomery County’s 6.2% rise. Washington, DC was off 4.0%, Prince George’s County was down 2.2% and Loudoun County was off 2.0%.

The average number of days homes were on the market before getting a contract was a little higher last week than the same week last year – it was 28.6 days last week and 23.8 days last year. However, this same seven-day period in 2019 had an average days on market of 35.4, so this market continues to outperform the pre-COVID days of 2019.

Have a great week!

For the week of October 3 - 9, 2021 total new contract activity rose 3.1% compared to the same seven-day period last year despite the fact that four jurisdictions actually had a drop in contracts. Last week’s performance was 31.3% better than the same week of 2019.

On October 3 - 9, in 2019, there were 1,341 contracts and the average days on market was 36.2. In 2020, there were 1,708 contracts and 23.2 days on market. In 2021, there were 1,761 contracts and 25.8 days on market.

Prince George’s County has a very strong week with a 24.9% jump in the number of newly ratified contracts. Northern Virginia was the only other area with an increase – up 4.9%. Two jurisdictions had very modest decreases, with Loudoun County down 1.8% and Montgomery County down just 0.6%. Prince William County was down 5.2% and Washington, DC was off 6.9%.

The average number of days homes were on the market before getting a contract continues to rise slightly compared to last year. Last week homes going under contract were on the market for an average of 25.8 days, up from 23.2 days last year. But in 2019, the average was 36.2 days.

Have a great week!