Weekly

Market Trends

Week Ending February 28th

OVERVIEW
For the final week of February, motivated buyers in the market continued on the march:

• Closing volume hit a high for the month, with the week at 107.7% of a year ago.

• VA was a major factor in the overall footprint, with strength in closings (113.9%) and
showings (113.4%).

• New listings volume saw a slight uptick week to week (5,863 vs 5,221). DC new listings
activity was up compared to 2020, landing at 111.2%.

Note: State-level charts appear in the appendix.

Market Trends
Bright Footprint By State
1. Daily Inventory – “Coming Soon, Active and Temp Off” 1. District of Columbia
2. Weekly “New Listings” 2. Delaware
3. Weekly “New Purchase Contracts” 3. Maryland
4. Weekly Number of “New Closed” Listings 4. New Jersey
5. Weekly Average Number of Days Between Purchase 5. Pennsylvania
Contract Date and Closing Date
6. Virginia
6. Weekly Showing Activity
7. West Virginia
Daily Inventory – Coming Soon, Active and Temp Off
Although new listings were up week to week (5,863 vs 5,221), total available inventory for the last week of February
2021 tracked at 54.6% of the same week from February 2020, equal to last week's performance.
Weekly “New Listings”
Weekly new listing levels tracked below the same week last year at 78.9% (5,863 vs. 7,425).

D.C. (111.2%) was the only area this week to track strikingly higher than the same week in 2020.

Note: A New Listing is only counted once upon publishing as either Coming Soon or Active.
Weekly “New Purchase Contracts”
New contracts declined compared to the same week last year, coming in at 84.2% of February ’20 (6,286 vs 7,463).

All areas saw noticeable declines this week compared to 2020. PA (74.9%) underperformed for the week.
Weekly Number of “New Closed” Listings
For the final week of February, buyers remained motivated. Closing levels for the week paced above a
year ago at 107.7% the prior year’s volume (6,325 vs 5,875).

All areas were line with or saw significant gains in closed sales versus the same week in 2020,
particularly DE (119.6%) and VA (113.9%)
Weekly Average Number of Days Between Purchase Contract Date
and Closing Date
The number of days from contract and closing (46.0) was unchanged from the same week in 2020.
Weekly Showing Activity
Volume was flat versus the same week in 2020 at 99.5% of the same week from last year (109,338 vs 109,858).
However, activity rose 9.8% compared to last week as more favorable weather came through many parts the region.

DC (107.2%) and VA (113.4%) were the only areas that gained compared to the same week in 2020.

Note: Confirmed Showings are showing appointments that were confirmed through Showing Time as an in person showing.
We do not know if they actually went to the appointment.
Appendix
Market Trends
District of Columbia
Weekly “New Listings” for DC
DC's new listing levels tracked at 111.2% of the same week from February 2020.

Note: A New Listing is only counted once upon publishing as either Coming Soon or Active.
Weekly “New Purchase Contracts” for DC
New contract levels came in at 87.8% of the same week from January 2020.

Note: A New Purchase Contract represents when a listing has been purchased and updated to either Active Under Contract or Pending.
If a purchase contract falls through, any subsequent purchase contract is also counted.
Weekly Number of “New Closed” Listings for DC
Closing levels landed at 111.3% compared to the same week from February 2020.
Weekly Showing Activity for DC
Showing levels tracked at 107.2% of the same week from February 2020.

Note: Confirmed Showings are showing appointments that were confirmed through Showing Time as an in person showing.
We do not know if they actually went to the appointment.
Market Trends
Delaware
Weekly “New Listings” for DE
DE's new listing levels tracked at 81.4% of the same week from February 2020.

Note: A New Listing is only counted once upon publishing as either Coming Soon or Active.
Weekly “New Purchase Contracts” for DE

New contract levels came in at 89.1% of the same week from February 2020.

Note: A New Purchase Contract represents when a listing has been purchased and updated to either Active Under Contract or Pending.
If a purchase contract falls through, any subsequent purchase contract is also counted.
Weekly Number of “New Closed” Listings for DE
Closing levels landed at 119.6% compared to the same week from February 2020.
Weekly Showing Activity for DE
Showing levels tracked at 84.3% of the same week from February 2020.
Market Trends
Maryland
Weekly “New Listings” for MD
MD's new listing levels tracked at 79.4% of the same week from February 2020.

Note: A New Listing is only counted once upon publishing as either Coming Soon or Active.
Weekly “New Purchase Contracts” for MD
New contract levels came in at 88.0% of the same week from February 2020.

Note: A New Purchase Contract represents when a listing has been purchased and updated to either Active Under Contract or Pending.
If a purchase contract falls through, any subsequent purchase contract is also counted.
Weekly Number of “New Closed” Listings for MD
Closing levels landed at 108.3% compared to the same week from February 2020.
Weekly Showing Activity for MD
Showing levels tracked at 103.6% of the same week from February 2020.

Note: Confirmed Showings are showing appointments that were confirmed through Showing Time as an in person showing.
We do not know if they actually went to the appointment.
Market Trends
New Jersey
Weekly “New Listings” for NJ
NJ's new listing levels tracked at 75.9% of the same week from February 2020.

Note: A New Listing is only counted once upon publishing as either Coming Soon or Active.
Weekly “New Purchase Contracts” for NJ
New contract levels came in at 81.8% of the same week from February 2020.

Note: A New Purchase Contract represents when a listing has been purchased and updated to either Active Under Contract or Pending.
If a purchase contract falls through, any subsequent purchase contract is also counted.
Weekly Number of “New Closed” Listings for NJ
Closing levels landed at 110.9% compared to the same week from February 2020.
Weekly Showing Activity for NJ
Showing levels tracked at 94.7% of the same week from February 2020.

Note: Confirmed Showings are showing appointments that were confirmed through Showing Time as an in person showing.
We do not know if they actually went to the appointment.
Market Trends
Pennsylvania
Weekly “New Listings” for PA
PA's new listing levels tracked at 72.3% of the same week from February 2020.

Note: A New Listing is only counted once upon publishing as either Coming Soon or Active.
Weekly “New Purchase Contracts” for PA
New contract levels came in at 74.9% of the same week from February 2020.

Note: A New Purchase Contract represents when a listing has been purchased and updated to either Active Under Contract or Pending.
If a purchase contract falls through, any subsequent purchase contract is also counted.
Weekly Number of “New Closed” Listings for PA
Closing levels landed at 99.7% compared to the same week from February 2020.
Weekly Showing Activity for PA
Showing levels tracked at 90.8% of the same week from February 2020.

Note: Confirmed Showings are showing appointments that were confirmed through Showing Time as an in person showing.
We do not know if they actually went to the appointment.
Market Trends
Virginia
Weekly “New Listings” for VA
VA's new listing levels tracked at 83.7% of the same week from February 2020.

Note: A New Listing is only counted once upon publishing as either Coming Soon or Active.
Weekly “New Purchase Contracts” for VA
New contract levels came in at 92.6% of the same week from February 2020.

Note: A New Purchase Contract represents when a listing has been purchased and updated to either Active Under Contract or Pending.
If a purchase contract falls through, any subsequent purchase contract is also counted.
Weekly Number of “New Closed” Listings for VA
Closing levels landed at 113.9% compared to the same week from February 2020.
 Weekly Showing Activity for VA
Showing levels tracked at 113.4% of the same week from February 2020.

Note: Confirmed Showings are showing appointments that were confirmed through Showing Time as an in person showing.
We do not know if they actually went to the appointment.
Market Trends
West Virginia
Weekly “New Listings” for WV
WV's new listing levels tracked at 78.9% of the same week from February 2020.

Note: A New Listing is only counted once upon publishing as either Coming Soon or Active.
Weekly “New Purchase Contracts” for WV
New contract levels came in at 87.8% of the same week from February 2020.

Note: A New Purchase Contract represents when a listing has been purchased and updated to either Active Under Contract or Pending.
If a purchase contract falls through, any subsequent purchase contract is also counted.
Weekly Number of “New Closed” Listings for WV
Closing levels landed at 99.0% compared to the same week from February 2020.
Weekly Showing Activity for WV
Showing levels tracked at 77.0% of the same week from February 2020.

Note: Confirmed Showings are showing appointments that were confirmed through Showing Time as an in person showing.
We do not know if they actually went to the appointment.