DC Market Update 1/14/2008
Current Number of Homes Active and Under Contract:
Here is the breakdown as of January 14th, 2008
As TYPICAL for the couple of weeks after New Years- Home Inventory (Number 'Active') jumped quite a bit; as many of the over 900 "EXPIRED" listings from last week; have re-listed their properties.
Here are the number of homes on the market including the number of homes that were taken Off (EXPIRED) the market last week.
example: Single Family Homes in DC; 73 more on market from last week, but 36 "expired" - in reality 109 new listings came on the market.
Washington DC
Single Family: Actives: 1639 ( Up 73 from last week) Expired: 36 Under Contract: 314
Condos: Actives: 1303 ( Up 53 from last week) Expired: 22 Under Contract: 297
Arlington County
Single Family: Actives: 448 (Up 8 from last week) Expired: 6 Under Contract: 85
Condos: Actives: 510 (Up 19 from last week) Expired: 8 Under Contract: 85
Prince Georges County
Single Family: Actives: 6160 (Up 253 from last week) Expired: 101 Under Contract: 424
Condos: Actives: 801 (Up 26 from last week) Expired: 9 Under Contract: 80
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 Prince George County, Arlington and the rest of the Surrounding Washington DC area.
