Here is the breakdown as of August 4th, 2009

The number of properties on the market has taken a large drop; which is typical for the summer season in the DC Metro area.  Sales and inventory tend to be at one of it's lowest points in the month of August.  We should see things pick up again in September and October.

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: 1651 (Down 72 from last week)      Expired: 70       Under Contract: 657 (Down 28)

Condos:              Actives: 1266 (Down 70 from last week)      Expired: 54       Under Contract: 512 (Down 25)  

 

Arlington County

Single Family:     Actives: 433 (Up 2 from last week)               Expired: 6           Under Contract: 195 (Down 18)

Condos:              Actives: 486 (Down 4 from last week)          Expired: 12         Under Contract: 176 (Down 14)

 

Prince Georges County

Single Family:     Actives: 5063 (Down 150 from last week)      Expired: 179        Under Contract: 2102 (Down 36)

Condos:              Actives: 775 (Down 29 from last week)          Expired: 32         Under Contract: 147 (Down 1)

 

Montgomery County

Single Family:     Actives: 3083 (Down 80 from last week)         Expired: 66        Under Contract: 1982 (Down 117)

Condos:              Actives: 1167 (Down 36 from last week)         Expired: 29        Under Contract: 480 (Down 8)

 

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.

Contact James Downing of the Downing Real Estate Group, if you are selling, buying or have questions!

Office: 202-362-5800   Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW  Suite 100 * Washington DC 20016