DC Real Estate News: Washington, DC : Market Update 6/29/09

Washington, DC : Market Update 6/29/09

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

 



Here is the breakdown as of June 29th, 2009

Washington DC continues to see the number of properties Pending; as the highest numbers since 2007;  while inventory levels remain fairly steady.

Prince Georges County continues to show the most significant improvement.  The number of properties under contract are at the highest levels in over 3 years; while the number of properties on the market has dropped 2000 homes; the same level as last as June of 2007. 

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: 1864 (Down 25 from last week)      Expired: 16       Under Contract: 709 (Down 14)

Condos:              Actives: 1411 (Up 6 from last week)             Expired: 7         Under Contract: 572 (Same)  

 

Arlington County

Single Family:     Actives: 469 (Down 1 from last week)          Expired: 0         Under Contract: 239 (Down 12)

Condos:              Actives: 504 (Down 8 from last week)          Expired: 2         Under Contract: 230 (Up 5)

 

Prince Georges County

Single Family:     Actives: 5551 (Up 5 from last week)          Expired: 48         Under Contract: 1832 (Up 49)

Condos:              Actives: 813 (Down 6 from last week)        Expired: 11         Under Contract: 135 (Down 2)

 

Montgomery County

Single Family:     Actives: 3468 (Down 31 from last week)    Expired: 18        Under Contract: 2203 (Up 36)

Condos:              Actives: 1259 (Up 11 from last week)         Expired: 5         Under Contract: 445 (Down 18)

 

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.


3 comments • James Downing - REALTOR®,GRI, ABR - DC Real Estate • June 29 2009 08:51PM

Comments

As always - great info!!!!!!!

Posted by Darrin Friedman - Coldwell Banker Chevy Chase 4 months ago

So now I know Darrin does in his "off" hours! This is very useful information and well presented. Thanks -

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA,Coldwell Banker (Coldwell Banker Residential Brokerage Chevy Chase) 4 months ago

James - once again you do a service by providing this data - thanks!

Posted by BarbaraJo's Blog - Clearwater and Pinellas County Florida Real Estate - (Charles Rutenberg Realty) 4 months ago

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