Prince William Real Estate Market Turned Upside Down As Number Of Homes Listed For Sale Drops Below Number Of Homes Under Contract
Woodbridge And Prince William Homes For Sale Outnumbered By Homes Under Contract In The County
At 2:50 PM today, I ran my usual monthly search of homes for sale in Woodbridge and Prince William County. 1,768 homes "Active"... 1,866 "Under Contract".
Prince William County homes for sale are now outnumbered by homes under contract.
Number of homes actively listed for sale in the county today: 1,768.
Number of homes under contract in the county today: 1,866.
I am home resting while recovering from pneumonia... could my fever be causing a hallucination?
No hallucinations fans... the numbers are speak for themselves.
Roll back to January 2007. Over 7,000 "Active" listings of homes for sale in the county, with less than 700 homes "Under Contract" pending settlement.
In April 2008, the number of homes for sale were down below 4,500, and the number of homes under contract pending settlement number over 1,560. I blogged the exact numbers way back when... feel free to scroll back to that post for the exact count.
Going forward from April 2008, between 1,500 and 1,880 homes went from "Active" to "Under Contract" each month.
Meanwhile, the number of "Active" listings declined below 3,400 as we sweltered under the heat of summer 2008.
So, the market has officially flipped upside-down.
Upside-down with more sold than active.
Where is the CNBC camera crew? Call Tom Brokaw out of retirement for a special bulletin on NBC.
What about you guys and gals at the Washington Post and Washington Times who quote me in your articles in the real estate sections?
Hey Fox News! Send Jeraldo Reviera?
Did this post tickle your curiosity? CLICK HERE to send your question. Answers shall be sent by email ONLY, unless you specifically ask for phone call.
You can get computerized, automatic, customized FREE ALERTS by email when new listings of homes that fit your wish-list are posted on the Realtor's MLS. You'll find out about the newest listings before most Realtors know about them.
That way you'll know when your dream home hits the market.
Opportunities Are Everywhere...We Can Help You Find Your Dream Home.
Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252 list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany, Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.
Equal Housing Opportunity
Comments(0)