Here are the basic Case-Shiller stats for the DC area* as of November:

Fourteen of the twenty metro areas tracked by Case-Shiller saw an increase in their respective seasonally-adjusted HPIs between October and November (three more than October). Detroit, Washington, Miami, Tampa, Chicago, and New York all marked seasonally-adjusted drops month-to-month.

Here’s a look at DC’s latest tiered data, back through 2000:

Oddly, all three tiers actually showed month-to-month increases in the seasonally-adjusted data, despite the overall index falling.

Here’s a look at the seasonally-adjusted month-to-month figures in Redfin’s markets, with annotations of the beginning and the original end of the homebuyer tax credit, so you can see that I’m not just making stuff up when I say that the effect of the tax credit on home prices appears to be waning.

Here’s a chart of Case-Shiller HPIs for all the markets that Redfin serves:

Here’s our peak decline chart, in which we line up the peak Case-Shiller HPI value for each of Redfin’s markets, so we can see how long each market has been declining, and how much it has dropped from the peak.

Here’s the flip side of the peak decline chart—a graph of just this year, indexed to January = 100%:

San Francisco, San Diego, and Los Angeles still appear to be on the rise, but elsewhere in the country, the summer 2009 price boost seems to have run out of steam.

*[Case-Shiller defines Washington DC as the entire Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area, which includes all of the District of Columbia and all or part of the following counties: Calvert MD, Charles MD, Frederick MD, Montgomery MD, Prince Georges MD, Alexandria City VA, Arlington VA, Clarke VA, Fairfax VA, Fairfax City VA, Falls Church City VA, Fauquier VA, Fredericksburg City VA, Loudoun VA, Manassas City VA, Manassas Park City VA, Prince William VA, Spotsylvania VA, Stafford VA, Warren VA, and Jefferson WV.]

Of the 4,900+ buyers’ agents in the Baltimore-DC region who closed at least one deal, Marshall Park is #3.

Eight more of our Baltimore-Washington, DC area agents closed deals in December:

*Michael Chung and Kendell Walker’s site profiles are under construction.

When you work with Redfin, you get great customer service while working with some of the best agents in the Baltimore-Washington, DC region. Our agents know what’s going on in the market right now because they spend all of their time serving clients: touring homes, writing offers and closing deals.

We pulled these numbers from MRIS, the database for real estate transactions and listings for Baltimore-Washington, DC region, and ranked agents who represented home-buyers of single-family homes and condominiums in December based first on number of deals, then by total dollar amount.

Our Clients Love Our Service

We survey every client and track every transaction in a central customer database. For the surveys we received in December from our clients in the Baltimore-Washington, DC area:

• 41 clients responded to our customer-satisfaction survey and posted a review online.
• 39 of those clients, or 95%, would recommend Redfin to a friend.

In these surveys, we ask customers to rate the likelihood that they would recommend Redfin to a friend on a 0-to-10 scale. Customers who rated 6 or higher count as people who would recommend Redfin to a friend. To learn more about how we survey our clients and calculate the customer ratings, check out our FAQ on agent reviews.

In the charts below, we have taken all sales data from the month of November in Redfin’s Washington DC service area and sorted it by city.

Methodology
First, we compiled a list of every sale that took place in the month, calculating each sale’s sale-to-list ratio (based on the final list price). Next, we simply take an average of every individual sale’s sale-to-list ratio to calculate an entire area’s sale-to-list ratio. Any sales that came in with a sale-to-list ratio above 150% or below 50% are excluded from the calculation, and areas with fewer than twenty sales are excluded from the top and bottom ten rankings. Interested readers may download the full data summary in Excel format (xls).

Here are the top ten areas with the largest overall discount:

The overall discount dropped a bit from our last update (based on August sales), moving from 2.0% to 1.7%.

Here are the ten areas with the smallest discounts:

In the 79 areas we ranked, the median discount was 1.9%.

Is the area you’re shopping not on either the top 10 or bottom 10? No problem, just download the full rankings in Excel format and check out the appropriate “Full” sheet.

Of the 6,560 sales we tracked in the 1-month period, 1,415 homes sold for 5% or more off the asking price, while 573 homes sold for 5% or more above the asking price.

Here are the basic Case-Shiller stats for the DC area* as of October:

Eleven of the twenty metro areas tracked by Case-Shiller saw an increase in their respective seasonally-adjusted HPIs between September and October (the same number as September). Dallas, Atlanta, New York, Boston, Las Vegas, Cleveland, Miami, Chicago, and Tampa all marked seasonally-adjusted drops month-to-month.

Here’s a look at DC’s latest tiered data, back through 2000:

The low tier got a serious boost in October, shooting up nearly 2% in just a single month (an annual rate of 21%!). The middle tier also shot up, gaining 1%, while the high tier fell 0.2%.

Here’s a look at the seasonally-adjusted month-to-month figures in Redfin’s markets (welcome Atlanta!), with annotations of the beginning and the original end of the homebuyer tax credit, so you can see that I’m not just making stuff up when I say that the effect of the tax credit on home prices appears to be waning.

Here’s a chart of Case-Shiller HPIs for all the markets that Redfin serves:

Here’s our peak decline chart, in which we line up the peak Case-Shiller HPI value for each of Redfin’s markets, so we can see how long each market has been declining, and how much it has dropped from the peak.

Here’s the flip side of the peak decline chart—a graph of just this year, indexed to January = 100%:

The excellent economics news site Calculated Risk posted a great roundup on Sunday of 2009’s various government programs intended to prop up home prices, and when each is currently allegedly going to end. With the housing credit expiring next spring, mortgage-backed securities (MBS) purchases ending in the first quarter, and tighter lending standards from the Federal Housing Administration (FHA) on the way, home prices still may be poised to fall a bit further before all is said and done.

*[Case-Shiller defines Washington DC as the entire Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area, which includes all of the District of Columbia and all or part of the following counties: Calvert MD, Charles MD, Frederick MD, Montgomery MD, Prince Georges MD, Alexandria City VA, Arlington VA, Clarke VA, Fairfax VA, Fairfax City VA, Falls Church City VA, Fauquier VA, Fredericksburg City VA, Loudoun VA, Manassas City VA, Manassas Park City VA, Prince William VA, Spotsylvania VA, Stafford VA, Warren VA, and Jefferson WV.]

Of the 4,900+ buyers’ agents in the Baltimore-DC region who closed at least one deal, Taylor Connolly is #2 and we have two agents in the top ten:

Five more of our Baltimore-Washington, DC area agents closed deals in November:

When you work with Redfin, you get great customer service while working with some of the best agents in the Baltimore-Washington, DC region. Our agents know what’s going on in the market right now because they spend all of their time serving clients: touring homes, writing offers and closing deals.

We pulled these numbers from MRIS, the database for real estate transactions and listings for Baltimore-Washington, DC region, and ranked agents who represented home-buyers of single-family homes and condominiums in November based first on number of deals, then by total dollar amount.

Our Clients Love Our Service

We survey every client and track every transaction in a central customer database. For the surveys we received in November from our clients in the Baltimore-Washington, DC area:

• 63 clients responded to our customer-satisfaction survey and posted a review online, up from 46 in October.
• 63 of those clients, or 100%, would recommend Redfin to a friend, up from 98% in October.

In these surveys, we ask customers to rate the likelihood that they would recommend Redfin to a friend on a 0-to-10 scale. Customers who rated 6 or higher count as people who would recommend Redfin to a friend. To learn more about how we survey our clients and calculate the customer ratings, check out our FAQ on agent reviews.

The following charts show the percent of MLS, FSBO or REO listings that were price-reduced at some point before leaving the market (either sold or removed unsold from the market) in the past 90 days (as of 11.16.2009). Cities/towns or neighborhoods in which the number of homes taken off the market was too small to provide believable estimates are excluded from ranking.

For those that are interested, I have uploaded the full data set in Excel format here. The downloadable Excel file also includes charts showing the top ten cities/towns/neighborhoods with the least reduced-price listings.

First up are the top ten cities with the most price-reduced listings:

Of the 213 cities/towns we ranked in the DC area this month, 94 had price-reduced ratios of fifty percent or more. The median price-reduced ratio was 48.4%.

Getting a little more granular, let’s look at the top ten neighborhoods for price reductions:

Of the 78 neighborhoods we ranked this month, 20 had a price-reduced ratio of fifty percent or more. The median price-reduced ratio was 40.0%.

Download the full spreadsheet to check where your neighborhood came in (assuming your neighborhood had enough sales to be ranked).

Here are the basic Case-Shiller stats for the DC area* as of September:

Eleven of the twenty metro areas tracked by Case-Shiller saw an increase in their respective seasonally-adjusted HPIs between August and September (down from sixteen in August). New York, Boston, Charlotte, Seattle, Dallas, Portland, Tampa, Las Vegas, and Cleveland all marked seasonally-adjusted drops month-to-month.

Here’s a look at DC’s latest tiered data, back through 2000:

Unlike many other markets around the country, here in the DC area, the low tier actually fell while the high and mid tiers saw increases (though smaller than in recent months). Given that the tax credit and low interest rates are more directed at lower-priced homes, this trend is definitely unusual.

Here’s a chart of Case-Shiller HPIs for all the markets that Redfin serves:

Here’s our peak decline chart, in which we line up the peak Case-Shiller HPI value for each of Redfin’s markets, so we can see how long each market has been declining, and how much it has dropped from the peak.

Here’s the flip side of the peak decline chart—a graph of just this year, indexed to January = 100%:

With the tax credit having been extended until the spring, and pretty much all the benefit having been squeezed from low rates and tax giveaways, it seems likely that we will see some price deterioration in the next few months as we head through winter. Beyond that is anybody’s guess.

*[Case-Shiller defines Washington DC as the entire Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area, which includes all of the District of Columbia and all or part of the following counties: Calvert MD, Charles MD, Frederick MD, Montgomery MD, Prince Georges MD, Alexandria City VA, Arlington VA, Clarke VA, Fairfax VA, Fairfax City VA, Falls Church City VA, Fauquier VA, Fredericksburg City VA, Loudoun VA, Manassas City VA, Manassas Park City VA, Prince William VA, Spotsylvania VA, Stafford VA, Warren VA, and Jefferson WV.]

Washington, DC

• 582 homes sold, up from 414 in October 2008
• The median sales price was $380,000, down from $394,450 in October 2008
• The average days on market for homes sold was 91 days, up from 77 days in October 2008
• On average, homes sold at 93.36% of the list price, in October 2008 it was 92.67%

Fairfax County, Fairfax City, Arlington County, Alexandria City & Falls Church City, VA

• 1,604 homes sold, up from 1,457 in October 2008
• The median sales price was $356,800, down from $359,000 in October 2008
• The average days on market for homes sold was 58 days, down from 94 days in October 2008
• On average, homes sold at 94.56% of the list price, in October 2008 it was 92.21%

Montgomery County

• 942 homes sold, up from 678 in October 2008
• The median sales price was $330,000, down from $370,000 in October 2008
• The average days on market for homes sold was 80 days, down from 116 days in October 2008
• On average, homes sold at 92.52% of the list price, in October 2008 it was 91.20%

Prince George’s County

• 710 homes sold, up from 408 in October 2008
• The median sales price was $210,000, down from $260,000 in October 2008
• The average days on market for homes sold was 122 days, down from 136 days in October 2008
• On average, homes sold at 89.37% of the list price, in October 2008 it was 88.00%

Greater Baltimore: Anne Arundel, Baltimore City & County, Carroll, Harford, Howard

• 2,219 homes sold, up from 1,631 in October 2008
• The median sales price was $235,000, down from $252,900 in October 2008
• The average days on market for homes sold was 117 days, down from 125 days in October 2008
• On average, homes sold at 91.09% of the list price, in October 2008 it was 90.52%

We pulled the numbers in this post from MRIS.

Dig Deeper Into the Trends

These numbers county-level trends. To see what’s happening in your neighborhood, check out our stats & trends pages.

When you work with Redfin, you’ll be working with some of the best agents in the Baltimore-Washington, DC region. Our agents know what’s going on in the market right now because they spend all of their time serving clients: touring homes, writing offers and closing deals.

We pulled these numbers from MRIS, the database for real estate transactions and listings for Baltimore-Washington, DC region, and ranked agents who represented home-buyers of single-family homes and condominiums in October based first on number of deals, then by total dollar amount.

Our Clients Love Our Service

We survey every client and track every transaction in a central customer database. For the surveys we received in October from our clients in the Baltimore-Washington, DC area:

• 46 clients responded to our customer-satisfaction survey and posted a review online, down from 51 in September.
• 45 of those clients, or 98%, would recommend Redfin to a friend, up from 96% in September.

In these surveys, we ask customers to rate the likelihood that they would recommend Redfin to a friend on a 0-to-10 scale. Customers who rated 6 or higher count as people who would recommend Redfin to a friend.

The Basic Requirements

You qualify for the tax credit if the:

• Home you’re buying will be your primary residence
• Purchase price isn’t more than $800,000

This credit is not a loan; it’s yours, but keep in mind you have to live in your new home for three years. If you sell the home in less than three years, you’ll have to pay back the money.

What’s Changed?

With the new legislation, buyers have more time to find a home and more buyers are eligible for the tax credit:

• New deadline: To qualify, you need to be in contract with a seller by April 30th & close on the home by June 30th (The previous deadline was November 30, 2009).
• Not just for first-time buyers anymore: Home buyers who’ve owned and occupied a home for at least five consecutive years during the past eight years are eligible for a credit up to $6,500.
• Increased income limits: Individuals making less than $125,000 and couples making less than $225,000 are eligible (The limits used to be $75K & $150K).

First-time buyers are eligible for a credit up to $8,000 on homes purchased between January 1, 2009 and June 30, 2010. Qualified homeowners can a credit up to $6,500 on homes purchased between November 7, 2009 and June 30, 2010.

Bonus Link

You can check out the full text of the bill. Scroll about halfway down to sections 11 & 12:

• Sec. 11. Extension and Modification of First-Time Homebuyer Tax Credit.
• Sec. 12. Provisions to Enhance the Administration of the First-Time Homebuyer Tax Credit.