RBI Finds Increase In Market, Warns Against Premature Assumptions

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On July 13 later this year, RBI, the Real Estate Business Intelligence, announced that the sales for homes in the Mid-Atlantic region had an increased of about 10% in June as compared to the last month, May 2010. The RBI actually examines related listing and the statistics in order to uncover the latest trends in the market. The latest search being made claimed that heralding a recovery of house in a certain geographic concentration slows down the movement of stabilization.

There is also a report showing that the units being sold in the area had its increased for more than 17%. It signifies that the real estate industry might have attained the bottom and now stabilizing. The middle sold price had its increase for about 7% as compared to the month of May 2010. On the other hand, the average days into the market remained relatively static and falling slightly from the average of 3 to 4 months into the region. Most of the homes being sold are offering three or more rooms with 30% of increase for over the month of May. These homes are actually priced in between $400,000 as well as $500,000. However, the total of the new and pending contacts decreased by approximately 44% in the month of June.

Moreover, the RealEstate Intelligence, LLC (RBI) gives off MRIS with its entire statistical reports and the sole company within the region that gives timely online access into the statistical information which is straightforward from the Multiple Listing Service. The company has had their monthly reports appearing in publication such as the CNBC, Forbes, Washington Post as well as the Bloomberg Business Week. Keep in mind that the MRIS also serves at more than 40,000 real estate professionals that are spanning into the middle of the Atlantic Region including Virginia, Maryland, Washington DC and other parts of Pennsylvania.

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