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.