DC Real Estate News

Current Number of Homes Active and Under Contract in the Washington DC area:


Here is the breakdown as of Febuary 9th, 2009

 
The number of homes on the market is creeping up slowly; which is typical as we head into Spring.  Inventories tend to be at their lowest levels - right after New Years.  Inventory levels should continue to increase until the 3rd week in June; when new listings slow for the summer months.

Here are the number of homes on the market including the number of homes that were taken Off (EXPIRED) the market last week.


 

Washington DC

Single Family:     Actives: 1992 (Up 52 from Last week)        Expired: 18       Under Contract: 373  (Up 21 from Last week)

Condos:              Actives: 1419 (Up 13 from Last week)        Expired: 12       Under Contract: 252  (Up 6 from Last week)

 

Arlington County

Single Family:     Actives: 508  (Up 25 from Last Week)          Expired: 1         Under Contract: 86  (Same as Last Week)

Condos:              Actives: 55  (Up 30 from Last Week)           Expired: 2         Under Contract: 93  (Down 4 from Last Week)

 

Prince Georges County

Single Family:     Actives: 6329 (Up 32 from Last Week)        Expired: 85        Under Contract: 959  (Up 34 from Last Week)

Condos:              Actives: 824  (Up 4 from Last Week)          Expired: 7         Under Contract:63  (Up 6 from Last Week)

 

Montgomery County

Single Family:     Actives: 3888  (Up 43 from Last Week)        Expired: 33        Under Contract: 1018  (Up 73 from Last Week)

Condos:              Actives: 1293  (Up 18 from Last Week)        Expired: 10        Under Contract: 263  (Up 9 from Last Week)

 

It is important to see the number of homes taken "Off" the market.  While many of these homes will return to the marketplace a week or two; seeing a listing "expire" means that the seller and agent thought or expected the home to be sold by now.


 

 



  

Call James for all your Real Estate needs and questions; servicing Virginia, Maryland and the GreaterWashington DC area.

Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW  Suite 100
Washington DC 20016
202-351-5800 Main Office
Licensed in DC,MD,VA

Current Number of Homes Active and Under Contract in the Washington DC area:

Here is the breakdown as of January 12th, 2009

While Inventories have dropped over the past several weeks; they remain higher than the same time last year.

One of the most surprising numbers I see; is the extremely low number of DC Properties Under Contract; especially in the condo market (30% Lower than Last Year).  Perhaps this is a sign of the economy; or perhaps everyone is busy with the Inauguration Events.

Here are the number of homes on the market including the number of homes that were taken Off (EXPIRED) the market last week. 

Washington DC

Single Family:     Actives: 1998            Expired: 25          Under Contract: 347

Condos:              Actives: 1387           Expired: 19          Under Contract: 219

Arlington County

Single Family:     Actives: 488              Expired: 5            Under Contract: 76

Condos:              Actives: 508              Expired: 2            Under Contract: 92

Prince Georges County

Single Family:     Actives: 6397            Expired: 91           Under Contract: 866

Condos:              Actives:  799            Expired: 15             Under Contract: 63

Montgomery County

Single Family:     Actives: 3994           Expired: 47           Under Contract: 849

Condos:              Actives: 1264           Expired: 14           Under Contract: 239

It is important to see the number of homes taken "Off" the market.  While many of these homes will return to the marketplace a week or two; seeing a listing "expire" means that the seller and agent thought or expected the home to be sold by now.

Call James for all your Real Estate needs and questions; servicing Virginia, Maryland and the GreaterWashington DC area.

Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW  Suite 100
Washington DC 20016
202-351-5800 Main Office
Licensed in DC,MD,VA